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 $1.76 million following the completion of this transaction.
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 $1.7 million.
As published in a research note from Wells Fargo on May 09, 2025, Packaging Corp Of America [PKG] has been rated down from an Overweight to an Equal weight and the price target has been revised to $180. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of April 24, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for PKG. Earlier on April 12, 2024, Exane BNP Paribas downgraded its rating. Their new recommendation was “a Neutral” for PKG stock which previously was a “an Outperform”.
Analyzing PKG Stock Performance
During the last five days, there has been a surge of approximately 6.62%. Over the course of the year, Packaging Corp Of America shares have dropped approximately -14.76%. Shares of the company reached a 52-week high of $242.68 on 01/21/25 and a 52-week low of $172.71 on 04/09/25. A 50-day SMA is recorded $191.13, while a 200-day SMA reached $212.83.
Support And Resistance Levels for Packaging Corp Of America (PKG)
According to the 24-hour chart, there is a support level at 187.28, which, if violated, would cause prices to drop to 182.64. In the upper region, resistance lies at 195.00. The next price resistance is at 198.08. RSI (Relative Strength Index) is 55.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.30, which suggests the price will increase in the coming days. Percent R is at 10.87%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
