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 $1.83 million.
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 $1.77 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 -3.59% to $199.24. Over the last five days, the stock has lost -4.86%. Packaging Corp Of America shares have fallen nearly -11.50% since the year began. Nevertheless, the stocks have risen 8.67% over the past one year. While a 52-week high of $250.82 was reached on 01/21/25, a 52-week low of $169.00 was recorded on 03/10/25. SMA at 50 days reached $219.57, while 200 days put it at $211.62.
Levels Of Support And Resistance For PKG Stock
The 24-hour chart illustrates a support level at 194.58, which if violated will result in even more drops to 189.92. On the upside, there is a resistance level at 204.68. A further resistance level may holdings at 210.12. The Relative Strength Index (RSI) on the 14-day chart is 33.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.73%. Stochastics %K at 24.23% indicates the stock is a holding.
