Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Packaging Corp Of America shares valued at $563,253 were sold by Vaughn Joseph on Dec 03 ’24. At $244.89 per share, Vaughn Joseph sold 2,300 shares. The insider’s holdings dropped to 9,197 shares worth approximately $2.25 million following the completion of this transaction.
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
Also, JOSEPH W VAUGHN purchased 2,300 shares, netting a total of over 563,253 in proceeds.
Before that, STECKO PAUL T had sold 10,500 shares from its account. In a trade valued at $2,571,555, the Director traded Packaging Corp Of America shares for $244.91 each. Upon closing the transaction, the insider’s holdings decreased to 10,500 shares, worth approximately $2.17 million.
As published in a research note from Wells Fargo on April 24, 2024, Packaging Corp Of America [PKG] has been rated up from an Equal weight to an Overweight and the price target has been revised to $191 from $187. Analysts at Exane BNP Paribas downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of March 04, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for PKG. Earlier on January 29, 2024, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for PKG stock which previously was a “a Buy”.
Analyzing PKG Stock Performance
During the last five days, there has been a drop of approximately -1.09%. Over the course of the year, Packaging Corp Of America shares have jumped approximately 49.98%. Shares of the company reached a 52-week high of $250.82 on 11/25/24 and a 52-week low of $159.57 on 02/05/24. A 50-day SMA is recorded $229.93, while a 200-day SMA reached $198.93. Nevertheless, trading volume fell to 0.72 million shares from 8041.0 shares the previous day.
Support And Resistance Levels for Packaging Corp Of America (PKG)
According to the 24-hour chart, there is a support level at 242.17, which, if violated, would cause prices to drop to 240.01. In the upper region, resistance lies at 245.74. The next price resistance is at 247.15. RSI (Relative Strength Index) is 62.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 39.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
