Packaging Corp Of America (PKG): Charles J. Carter , SVP-Containerboard of Packaging Corp Of America sold 6,463 shares on Apr 22, 2016. The Insider selling transaction was reported by the company on Apr 26, 2016 to the Securities and Exchange Commission. The shares were sold at $65.63 per share for a total value of $424,166.69 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 9, 2016, Thomas P. Maurer (director) purchased 2,000 shares at $53.47 per share price.On Nov 23, 2015, Mark W Kowlzan (CEO) sold 5,000 shares at $66.00 per share price.Also, On Nov 16, 2015, Thomas A Hassfurther (Exec. VP) sold 4,668 shares at $65.32 per share price.On Nov 12, 2015, Charles J. Carter (SVP-Containerboard) sold 3,000 shares at $65.73 per share price.
Packaging Corp Of America: On Friday, Apr 22, 2016 heightened volatility was witnessed in Packaging Corp Of America which led to swings in the share price. The shares opened for trading at $64.25 and hit $65.88 on the upside , eventually ending the session at $65.68, with a gain of 2.87% or 1.83 points. The heightened volatility saw the trading volume jump to 9,50,037 shares. The 52-week high of the share price is $73.595 and the company has a market cap of $6,190 M . The 52-week low of the share price is at $44.32.
Company has been under the radar of several Street Analysts.Packaging Corp Of America is Downgraded by Dundee to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 11, 2016.Packaging Corp Of America is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 68 from a previous price target of $62 .The Rating was issued on Apr 11, 2016.
Packaging Corporation of America (PCA) is a producer of containerboard and white papers. The Company operates eight mills and 99 corrugated products manufacturing plants. The Companys operations are primarily in the United States and it has converting operations in Europe Mexico and Canada. The Company operates through three segments: Packaging Paper and Corporate and Other. The Companys corrugated products manufacturing plants produce a variety of corrugated packaging products including shipping containers used to protect and transport manufactured goods multi-color boxes and displays. It manufactures its Packaging products at five containerboard mills one containerboard machine corrugated manufacturing operations and protective packaging operations. Its Paper segment manufactures and sells white papers. Its Corporate and Other segment includes corporate support staff services and related assets and liabilities and foreign exchange gains and losses.