Packaging Corp Of America (NYSE:PKG) shares, rose in value on Friday, May 09, with the stock price down by -1.09% to the previous day’s close as strong demand from buyers drove the stock to $181.42.
Actively observing the price movement in the last trading, the stock closed the session at $183.42. The PE ratio was 18.99 over 12-month period. Referring to stock’s 52-week performance, its high was $250.82, and the low was $172.71. On the whole, PKG has fluctuated by -4.23% over the past month.
With the market capitalization of Packaging Corp Of America currently standing at about $16.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 5.00, with its dividend yield at 2.76%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PKG’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.17, with the price of PKG currently trading nearly -2.04% and -5.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.67, while the 7-day volatility ratio is showing 2.21% which for the 30-day chart, stands at 2.85%. Furthermore, Packaging Corp Of America (PKG)’s beta value is 0.86, and its average true range (ATR) is 5.80.
A comparison of Packaging Corp Of America (PKG) with its peers suggests the former has fared considerably weaker in the market. PKG showed an intraday change of -1.09% in last session, and over the past year, it grew by 1.27%%.
Data on historical trading for Packaging Corp Of America (NYSE:PKG) indicates that the trading volumes over the past 3 months, they’ve averaged 941.09K. According to company’s latest data on outstanding shares, there are 89.93 million shares outstanding.
Nearly 2.08% of Packaging Corp Of America’s shares belong to company insiders and institutional investors own 90.36% of the company’s shares. The stock has fallen by -19.42% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PKG stock heading into the next quarter.
