user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 444478 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Packaging of America: The Winning Streak Continues (PKG)

Published on Tue, 02/19/2013 - 15:32
By Mallory Stone

Packaging of America (NYSE:PKG) traded today at a new 52-week high of $40.97. So far today approximately 421,000 shares have been exchanged, as compared to an average 30-day volume of 883,000 shares.

Over the past year, Packaging of America has traded in a range of $25.77 to $40.97 and is now at $40.56, 57% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.8%.

Packaging Corp of America manufactures containerboard and corrugated packaging products for use in protecting goods during shipment. The Company also produces multi-color boxes and displays, as well as meat boxes and wax-coated boxes for the agricultural industry.

There is potential upside of 1.9% for shares of Packaging of America based on a current price of $40.56 and an average consensus analyst price target of $41.33. The stock should find initial support at its 50-day moving average (MA) of $38.59 and further support at its 200-day MA of $33.33.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Halliburton (HAL) Approaches New Downsid...

Shares of Halliburton (NYSE:HAL) have bearishly opened below the pivot of $63.14 today ...

Analyst Rating In Review: OGE Energy Bid...

OGE Energy was upgraded from Accumulate to Buy by Tudor Pickering one week ago. The sh ...

Gulfmark Offshore Down 10.1% Since Tudor...

One week ago Gulfmark Offshore (NYSE:GLF) was downgraded from Accumulate to Hold at Tud ...

Hornbeck Offshore Services Gives Way to ...

A week ago, Tudor Pickering downgraded Hornbeck Offshore Services from Accumulate to Ho ...

Analyst Rating In Review: Tidewater Sold...

A week ago, Tudor Pickering downgraded Tidewater from Accumulate to Hold. Tidewater sh ...

Carpenter Technology Down 6.7% Since Buc...

A week ago, Buckingham downgraded Carpenter Technology from Buy to Neutral. The shares ...

Lennox International Fails to Respond: D...

A week ago, Buckingham upgraded Lennox International from Neutral to Buy. Lennox Inter ...

Marsh & McLennan In Retrospect: Shares D...

One week ago Marsh & McLennan (NYSE:MMC) was downgraded from Outperform to Neutral at M ...