Large Outflow of Money Witnessed in Packaging Corporation of America

Packaging Corporation of America (NYSE:PKG) surged 0.15% during the last session. The last traded price was up 0.1 points at $65.65. The data for the fund flow suggests that the net intraday money flow was $(-5.73) million. The fund value in upticks was recorded to be $8.67 million and in downticks, it was found to be $14.4 million. The up/down ratio for the day was measured to be 0.6. For the week, the shares have seen a percentage change of -5.01%.A block trade of $(-6.16) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $1.96 million and that of downticks was $8.12 million. The block tradeoff had the up/down ratio of 0.24.

Packaging Corporation of America has dropped 4.1% in the last five trading days, however, the shares have posted positive gains of 2.93% in the last 4 weeks. Packaging Corporation of America is up 15.87% in the last 3-month period. Year-to-Date the stock performance stands at 6.19%.

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 (NYSE:PKG) rose 0.31% or 0.2 points on Friday and made its way into the gainers of the day. After trading began at $65.44 the stock was seen hitting $65.83 as a peak level and $64.89 as the lowest level. The stock ended up at $65.75. The daily volume was measured at 1,306,976 shares. The 52-week high of the share price is $73.595 and the 52-week low is $44.32. The company has a market cap of $6,188 million.

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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