Packaging Corporation of America Trading Volume Plummets 59.43% to 456th Position Despite Stock Price Rise

On March 24, 2025, Packaging Corporation of America (PKG) saw a significant drop in trading volume, with a total turnover of $200 million, marking a 59.43% decrease from the previous day. This decline placed PKG at the 456th position in terms of trading volume among all stocks listed on the market. Despite the drop in trading volume, PKG's stock price rose by 3.29%.

StockNews.com recently downgraded Packaging Corporation of America from a "buy" rating to a "hold" rating in a research report. This change in rating could influence investor sentiment and potentially impact the stock's performance in the near future.

Analysts have noted that stocks with price-to-earnings (P/E) ratios below 16x might be considered for avoidance, given Packaging Corporation of America's P/E ratio of 19.1x. This higher P/E ratio could indicate that the stock is overvalued, which might deter some investors from purchasing shares.

Citi analysts provided insights into the containerboard market, noting that prices have remained steady in March following a $40/ton increase. This stability in prices could be a positive sign for companies in the packaging industry, including Packaging Corporation of America, as it suggests a stable demand for their products.