medium
Sell
10,500 shares
$2,571,555
Significance
4/10
PKG Director Stecko sells 10,500 shares ($2.6M) at $244.91; stock now at $246.39 near 52-week high
Director Paul T. Stecko sold 10,500 shares of Packaging Corp of America at $244.91 on 2024-11-21 for $2,571,555.00, reducing his holdings by 54.2% from 19,381 to 8,881 shares. The sale occurred near the 52-week high of $246.39, with the stock up 7.8% over the past 30 days and 20.9% over 90 days. Stecko's prior sale at this ticker on 2023-10-31 showed a 90d return of 10.2%, indicating his last exit was poorly timed as the stock subsequently rose. Against this backdrop, the current sale at the company's elevated valuation (P/E 28.62) and near the 52-week peak warrants observation, though annual revenue has declined 8.0% year-over-year.