The EVP of Packaging (PKG) is Selling Shares

Yesterday, the EVP of Packaging (PKG), Thomas Hassfurther, sold shares of PKG for $1.2M.

Following Thomas Hassfurther’s last PKG Sell transaction on September 13, 2017, the stock climbed by 17.1%. In addition to Thomas Hassfurther, one other PKG executive reported Sell trades in the last month.

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The company has a one-year high of $123.99 and a one-year low of $71.05. Currently, Packaging has an average volume of 646.10K. PKG’s market cap is $11.69 billion and the company has a P/E ratio of 23.70.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $115.50, reflecting a 3.8% upside.

The insider sentiment on Packaging has been negative according to 44 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Packaging Corp. of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers. The Corporate and Other segment focuses on transportation assets, as well as rail cars, and trucks. The company was founded in 1959 and is headquartered in Lake Forest, IL.

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