Shares of Packaging Corporation of America (NYSE:PKG) Sees Large Inflow of Net Money Flow

Packaging Corporation of America (NYSE:PKG) dropped -1.76% or -1.21 points to trade at $67.35 per share. As per the latest trading data available, the net money flow stood at $0.83 million as the shares received $5.77 million in upticks and gave away $4.94 million in downticks. The final up/down ratio was at 1.17. On a weekly basis, the stock has seen a change of -2.76%.During the course of the session, the shares witnessed a block trade with an up/down ratio of 0. $2.19 million was the inflow in upticks and $0 million was the outflow in downticks. For the block trade, the net money flow was $2.19 million.


Currently the company Insiders own 1.1% of Packaging Corporation of America shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -23.6% . Institutional Investors own 88.92% of Packaging Corporation of America shares. During last six month period, the net percent change held by insiders has seen a change of -15.63%. On the companys insider trading activities, The officer (SVP-Containerboard), of Packaging Corp Of America, Carter Charles J. had unloaded 6,463 shares at $65.63 per share in a transaction on April 22, 2016. The total value of transaction was $424,167. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Packaging Corporation of America (NYSE:PKG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 2.54 points or 3.7% at $66.02 with 1,537,843 shares getting traded. Post opening the session at $68.38, the shares hit an intraday low of $65.92 and an intraday high of $68.55 and the price was in this range throughout the day. The company has a market cap of $6,213 million and the number of outstanding shares have been calculated to be 94,111,081 shares. The 52-week high of Packaging Corporation of America (NYSE:PKG) is $73.595 and the 52-week low is $44.32.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Argus Research upgrades the rating on Packaging Corporation of America (NYSE:PKG). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Hold. The Analysts at the ratings agency raises the price target to $73 per share. The rating by the firm was issued on April 25, 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.

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