Shares of Packaging Corp. of America
advanced 2.07% to $156.13 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 0.51% to 4,543.06 and the Dow Jones Industrial Average
rising 0.44% to 34,861.24. This was the stock’s second consecutive day of gains. Packaging Corp. of America closed $1.62 short of its 52-week high ($157.75), which the company reached on March 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as International Paper Co.
rose 2.39% to $46.32, WestRock Co.
rose 1.78% to $47.96, and Graphic Packaging Holding Co.
rose 1.72% to $20.16. Trading volume (441,419) remained 336,490 below its 50-day average volume of 777,909.