Packaging Corp Of America’s filing revealed that its SVP Shirley Donald R. unloaded Company’s shares for reported $1.92 million on Nov 12 ’24. In the deal valued at $240.20 per share,8,000 shares were sold. As a result of this transaction, Shirley Donald R. now holds 15,725 shares worth roughly $3.71 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Shirley Donald R. bought 8,000 shares, generating $1,922,320 in total proceeds.
Before that, Mundy Robert P. sold 12,500 shares. Packaging Corp Of America shares valued at $3,007,738 were divested by the EVP & CFO at a price of $240.62 per share. As a result of the transaction, Mundy Robert P. now holds 43,954 shares, worth roughly $10.36 million.
Wells Fargo upgraded its Packaging Corp Of America [PKG] rating to an Overweight from a an Equal weight in a research note published on April 24, 2024; the price target was increased to $191 from $187. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in mid April from “an Outperform” to “a Neutral”. BofA Securities also remained covering PKG and has increased its forecast on March 04, 2024 with a “Buy” recommendation from previously “Neutral” rating. Seaport Research Partners revised its rating on January 29, 2024. It rated PKG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PKG
On Friday, Packaging Corp Of America [NYSE:PKG] saw its stock jump 0.09% to $235.81. Over the last five days, the stock has lost -1.99%. Packaging Corp Of America shares have risen nearly 44.75% since the year began. Nevertheless, the stocks have risen 48.87% over the past one year. While a 52-week high of $245.00 was reached on 11/06/24, a 52-week low of $148.50 was recorded on 02/05/24. SMA at 50 days reached $221.24, while 200 days put it at $193.84.
Levels Of Support And Resistance For PKG Stock
The 24-hour chart illustrates a support level at 234.78, which if violated will result in even more drops to 233.75. On the upside, there is a resistance level at 236.59. A further resistance level may holdings at 237.37. The Relative Strength Index (RSI) on the 14-day chart is 62.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 47.42%. Stochastics %K at 56.57% indicates the stock is a holding.
How much short interest is there in Packaging Corp Of America?
A steep rise in short interest was recorded in Packaging Corp Of America stocks on 2024-10-31, dropping by -0.24 million shares to a total of 1.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.47 million shares. There was a decline of -19.65%, which implies that there is a negative sentiment for the stock.
