Packaging Corp of America Shares Drop 5.3%

Packaging Corporation of Americas stock plummets by 5.3%, marking a significant drop for a company known for its stability. The sudden decline, which is only the sixth time in a year the stock has moved more than 5% in a single day, has investors wondering if its a buying opportunity. Despite the recent dip, long-term investors who put $1000 into the company five years ago would now see a return of $1449.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.