Shares of Packaging Corporation of America (PKG) advanced to $92.35. The price had gained 0.18% or 0.17 points intraday. The latest trading session witnessed $5.77 million in upticks and $7.24 million in downticks, resulting in net money flow of (-1.47) million. The up/down ratio for the day stood at 0.8. On a weekly scale, the price has seen a change of -1.31%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-1.44) million occurred during the day. $0 million in uptick and $1.44 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.
Packaging Corporation of America has dropped 1.69% in the last five trading days, however, the shares have posted positive gains of 9.76% in the last 4 weeks. Packaging Corporation of America is up 13.67% in the last 3-month period. Year-to-Date the stock performance stands at 9.76%. Packaging Corporation of America (NYSE:PKG) rose 1% or 0.92 points on Wednesday and made its way into the gainers of the day. After trading began at $91.97 the stock was seen hitting $93.62 as a peak level and $91.05 as the lowest level. The stock ended up at $93.1. The daily volume was measured at 1,190,258 shares. The 52-week high of the share price is $96.87 and the 52-week low is $44.32. The company has a market cap of $8,772 million.
Company has reported several Insider transactions to the SEC, on Jul 25, 2016, Thomas W.h. Walton (SVP) sold 9,000 shares at 73.64 per share price.On Jul 25, 2016, Kent A. Pflederer (SVP) sold 1,100 shares at 74.30 per share price.On Apr 26, 2016, Charles J. Carter (SVP-Containerboard) sold 6,463 shares at 65.63 per share price.
Packaging Corp Of America Last issued its quarterly earnings results on Jan 30, 2017. The company reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $1.16. The company had revenue of $1476.60 million for the quarter, compared to analysts expectations of $1443.73 million. The companys revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Packaging Corp Of America was Downgraded by CLSA to Outperform on Feb 1, 2017.
Packaging Corp. of America is one of the largest producers of containerboard in the United States and also one of the largest manufacturers of corrugated packaging products. The company produces corrugated containers as well as the containerboard used to manufacture corrugated containers. Corrugated containers are the most commonly used type of paper packaging. Corrugated containers, referred to as cardboard boxes, are made by combining multiple layers of heavyweight paper known as containerboard and fabricating them into finished boxes.