Updated
Updated · MarketWatch · May 1
Packaging Corp. of America stock rises 2.16% but trails competitors
Updated
Updated · MarketWatch · May 1

Packaging Corp. of America stock rises 2.16% but trails competitors

12 articles · Updated · MarketWatch · May 1
  • Shares closed at $218.06 as the S&P 500 gained 0.29% and the Dow Jones fell 0.31% in a mixed Friday session.
  • The gain ended a two-day losing streak, but the stock lagged International Paper's 4.40% rise and also trailed Graphic Packaging and Sonoco Products.
  • Packaging Corp. remains 12.60% below its 52-week high of $249.51 reached on 12 February, while trading volume of 825,620 stayed below its 50-day average.
With consumer spending sluggish, can packaging price hikes hold or will a margin war erupt among industry giants?
Is the industry's green packaging push genuine or a marketing tactic that will fade as economic pressures mount?
PKG is betting big on acquisitions, but can it outgrow the industry's deep-rooted issues of overcapacity and falling demand?