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PRNewswire (Mon, 1-Apr 8:30 AM ET)
Business Wire (Thu, 21-Mar 4:21 PM ET)
Packaging Corporation of America Declares Quarterly Dividend
Business Wire (Wed, 28-Feb 4:30 PM ET)
Business Wire (Wed, 14-Feb 2:41 PM ET)
Packaging Corporation of America Reports Fourth Quarter and Full Year 2023 Results
Business Wire (Wed, 24-Jan 4:59 PM ET)
Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. The firm differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.
Packaging Of America trades on the NYSE stock market under the symbol PKG.
As of April 17, 2024, PKG stock price declined to $178.51 with 582,958 million shares trading.
PKG has a beta of 0.53, meaning it tends to be less sensitive to market movements. PKG has a correlation of 0.07 to the broad based SPY ETF.
PKG has a market cap of $16.05 billion. This is considered a Large Cap stock.
Last quarter Packaging Of America reported $2 billion in Revenue and $2.13 earnings per share. This beat revenue expectation by $28 million and exceeded earnings estimates by $.30.
In the last 3 years, PKG stock traded as high as $191.27 and as low as $110.56.
The top ETF exchange traded funds that PKG belongs to (by Net Assets): VTI, VOO, VO, SCHD, SPY.
PKG has outperformed the market in the last year with a return of +30.0%, while the SPY ETF gained +23.0%. In the last 3 month period, PKG beat the market returning +8.9%, while SPY returned +5.7%. However, in the most recent 2 weeks PKG has underperformed the stock market by returning -4.8%, while SPY returned -3.5%.
PKG support price is $177.41 and resistance is $181.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PKG stock will trade within this expected range on the day.