DJ Packaging Corp. Of America Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Packaging Corp. of America $(PKG)$ rallied 1.13% to $228.54 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.16% to 5,918.25 and the Dow Jones Industrial Average rising 0.25% to 42,635.20.
Packaging Corp. of America closed $22.28 short of its 52-week high ($250.82), which the company reached on November 25th.
The stock underperformed when compared to some of its competitors Wednesday, as International Paper Co. $(IP)$ rose 2.00% to $54.68.
Trading volume (1.2 M) eclipsed its 50-day average volume of 690,856.
Data source: Dow Jones Market Data, FactSet. Data compiled January 8, 2025.
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(END) Dow Jones Newswires
January 08, 2025 17:13 ET (22:13 GMT)
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