Packaging Corp. Of America Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains

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DJ Packaging Corp. Of America Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Packaging Corp. of America $(PKG)$ rallied 1.21% to $228.80 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.33% to 5,813.67 and Dow Jones Industrial Average falling 0.22% to 42,141.54.

Packaging Corp. of America closed $2.50 below its 52-week high ($231.30), which the company achieved on October 23rd.

The stock underperformed when compared to some of its competitors Wednesday, as International Paper Co. $(IP)$ rose 3.68% to $49.03.

Trading volume (493,416) remained 21,967 below its 50-day average volume of 515,383.

Data source: Dow Jones Market Data, FactSet. Data compiled October 30, 2024.

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October 30, 2024 17:09 ET (21:09 GMT)

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