Recently, several key events involving
Packaging Corp of America PKG have been noted. Director
Paul T. Stecko sold 10,500 shares of PKG stock, and the company encountered a significant sales increase of 5% in Q2 2024. Despite these developments, PKG stock has proven resilient, outperforming competitors on a strong trading day. Insider shares valued at $2,571,555 were sold, according to an SEC filing. PKG's stock hit an all-time high of $245.72 amid robust growth, a positive indicator. The company's Q1 2024 earnings report beat both EPS and revenue forecasts, and its short interest was scrutinized. Additionally, PKG was upgraded to a strong buy, followed by being cut to hold at StockNews.com. Notwithstanding, PKG's enterprise value stood at $23,384 million as of November 2024. The strong financial performance continues with impressive Q3 2024 earnings, marked by dynamic revenue growth. However, insider selling activity raised some eyebrows as company's SVP, Shirley Donald, and CFO, Robert P. Mundy sold stocks worth $1.92 million and $3 million, respectively. Position holdings in the company have seen major adjustments across various portfolio management companies.
Packaging Corp of America PKG News Analytics from Tue, 23 Apr 2024 07:00:00 GMT to Sat, 23 Nov 2024 15:17:38 GMT -
Rating 5
- Innovation -5
- Information 7
- Rumor -3
