Packaging Corp Of America’s recent filing unveils that its Director STECKO PAUL T unloaded Company’s shares for reported $2.57 million on Nov 21 ’24. In the deal valued at $244.91 per share,10,500 shares were sold. As a result of this transaction, STECKO PAUL T now holds 8,881 shares worth roughly $2.19 million.
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Then, Paul Stecko bought 10,500 shares, generating $2,575,650 in total proceeds.
Before that, Shirley Donald R. sold 8,000 shares. Packaging Corp Of America shares valued at $1,921,600 were divested by the SVP at a price of $240.20 per share. As a result of the transaction, Shirley Donald R. now holds 15,725 shares, worth roughly $3.87 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 0.44% to $246.39. Over the last five days, the stock has gained 4.49%. Packaging Corp Of America shares have risen nearly 51.24% since the year began. Nevertheless, the stocks have risen 59.78% over the past one year. While a 52-week high of $248.62 was reached on 11/20/24, a 52-week low of $152.99 was recorded on 02/05/24. SMA at 50 days reached $224.82, while 200 days put it at $195.80.
Levels Of Support And Resistance For PKG Stock
The 24-hour chart illustrates a support level at 244.65, which if violated will result in even more drops to 242.92. On the upside, there is a resistance level at 247.33. A further resistance level may holdings at 248.28. The Relative Strength Index (RSI) on the 14-day chart is 74.73, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.17%. Stochastics %K at 82.85% indicates the stock is a selling.
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.
