Packaging Corp (PKG) Scales 52-Week High: What's Driving the Stock?
PKGPCA(PKG) ZACKS·2024-08-26 23:50

Shares of Packaging Corporation of America (PKG) have scaled a new 52-week high of 204.58onAug23,beforeclosingthesessionlowerat204.58 on Aug 23, before closing the session lower at 203.81.PKG currently has a market capitalization of $18.3 billion and flaunts a Zacks Rank #1 (Strong Buy).So far this year, Packaging Corp’s shares have gained 25.1%. PKG has outperformed the industry's 14% growth and the S&P 500’s 18.1% rise. Meanwhile, the Industrial Products sector has gained 7.9%.  Image Source: Zacks Investment ResearchWhat’s Driving the PKG Stock? ...