Updated
Updated · MarketWatch · Apr 29
Packaging Corp. of America stock falls 2.94% and underperforms competitors
Updated
Updated · MarketWatch · Apr 29

Packaging Corp. of America stock falls 2.94% and underperforms competitors

14 articles · Updated · MarketWatch · Apr 29
  • Shares closed at $216.05 on Wednesday, 13.41% below their 52-week high of $249.51 set in February.
  • The decline outpaced International Paper, Graphic Packaging, and Sonoco Products, which dropped 1.29%, 1.23%, and 1.52% respectively.
  • The drop occurred during a broadly negative market session, with the S&P 500 and Dow Jones also posting losses. Trading volume was 970,096, below the 50-day average.
Why did PKG's stock sink despite beating profit estimates and growing sales volume?
With its stock falling, what is PKG's plan to combat rising industry costs?
Are PKG's record mill outputs enough to overcome its weak second-quarter forecast?
Is the market ignoring the long-term gains from PKG's costly Greif acquisition?
Can PKG's aggressive energy plan offset the crushing freight and material costs?