Shares of Packaging Corporation of America (NYSE:PKG) Sees Large Outflow of Money

Packaging Corporation of America (NYSE:PKG) jumped 0.18 points or 0.27% on strong buying and was last priced at $67.75 per share. The shares saw huge fund flow intraday; a massive $15.17 million made their way in through the upticks but an even bigger $31.18 million made their way out through downticks. As per the last observation, the net money flow stood at $(-16.01) million and the up/down ratio was found to be 0.49. The shares have seen a weekly value change of 3.04% .A block trade was recorded in the company shares with a net money flow of $(-18.61) million. The composite value of the funds in upticks was $2.11 million and the total value of funds in downticks was $20.72. As can be seen from the data, the block transaction had the up/down ratio of 0.1.


The stock has recorded a 20-day Moving Average of 0.42% and the 50-Day Moving Average is 3.67%. The company shares have rallied 1.15% in the past 52 Weeks. On August 17, 2015 The shares registered one year high of $73.6 and one year low was seen on February 19, 2016 at $44.32. The 50-day moving average is $66.82 and the 200 day moving average is recorded at $59.82. S&P 500 has rallied 1.93% during the last 52-weeks.

Packaging Corporation of America (NYSE:PKG): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.74 and $67.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.75, notching a gain of 0.27% for the day. The total traded volume was 1,307,750 . The stock had closed at $67.57 on the previous day.

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, Carter Charles J., officer (SVP-Containerboard) of Packaging Corp Of America, unloaded 6,463 shares at an average price of $65.63 on April 22, 2016. The total amount of the transaction was worth $424,167, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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