In a filing, Packaging Corp Of America revealed its SVP Vaughn Joseph unloaded Company’s shares for reported $0.56 million on Dec 03 ’24. In the deal valued at $244.89 per share,2,300 shares were sold. As a result of this transaction, Vaughn Joseph now holds 9,197 shares worth roughly $2.09 million.
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Then, JOSEPH W VAUGHN bought 2,300 shares, generating $563,253 in total proceeds.
Before that, STECKO PAUL T sold 10,500 shares. Packaging Corp Of America shares valued at $2,571,555 were divested by the Director at a price of $244.91 per share. As a result of the transaction, STECKO PAUL T now holds 8,881 shares, worth roughly $2.02 million.
Jefferies upgraded its Packaging Corp Of America [PKG] rating to a Buy from a a Hold in a research note published on December 18, 2024; the price target was increased to $280 from $215. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late April from “an Equal weight” to “an Overweight”. Exane BNP Paribas also remained covering PKG and has decreased its forecast on April 12, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on March 04, 2024. It rated PKG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PKG
On Monday, Packaging Corp Of America [NYSE:PKG] saw its stock fall -0.39% to $227.08. Over the last five days, the stock has lost -4.22%. Packaging Corp Of America shares have risen nearly 39.39% since the year began. Nevertheless, the stocks have risen 39.11% over the past one year. While a 52-week high of $250.82 was reached on 11/25/24, a 52-week low of $159.57 was recorded on 02/05/24. SMA at 50 days reached $234.72, while 200 days put it at $202.22.
Levels Of Support And Resistance For PKG Stock
The 24-hour chart illustrates a support level at 225.58, which if violated will result in even more drops to 224.07. On the upside, there is a resistance level at 228.30. A further resistance level may holdings at 229.52. The Relative Strength Index (RSI) on the 14-day chart is 29.48, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.33%. Stochastics %K at 7.28% indicates the stock is a buying.
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 2024-11-29, dropping by -0.13 million shares to a total of 1.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.23 million shares. There was a decline of -12.23%, which implies that there is a negative sentiment for the stock.
