Packaging Corp Of America’s recent filing unveils that 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 $1.78 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 $1.72 million.
Wells Fargo downgraded its Packaging Corp Of America [PKG] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid December from “a Hold” to “a Buy”. Wells Fargo also remained covering PKG and has increased its forecast on April 24, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Exane BNP Paribas revised its rating on April 12, 2024. It rated PKG as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of PKG
On Tuesday, Packaging Corp Of America [NYSE:PKG] saw its stock jump 0.95% to $194.08. Over the last five days, the stock has gained 0.13%. Packaging Corp Of America shares have fallen nearly -13.79% since the year began. Nevertheless, the stocks have risen 6.94% over the past one year. While a 52-week high of $250.82 was reached on 01/21/25, a 52-week low of $172.71 was recorded on 04/09/25. SMA at 50 days reached $189.54, while 200 days put it at $212.63.
Levels Of Support And Resistance For PKG Stock
The 24-hour chart illustrates a support level at 192.12, which if violated will result in even more drops to 190.16. On the upside, there is a resistance level at 195.13. A further resistance level may holdings at 196.18. The Relative Strength Index (RSI) on the 14-day chart is 55.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.70%. Stochastics %K at 83.13% 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 2025-05-15, growing by 0.22 million shares to a total of 1.75 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-15 was 1.53 million shares. There was a rise of 12.36%, which implies that there is a positive sentiment for the stock.
