Packaging Corp. shares are trading higher after a research report indicated the company has announced to customers it is raising linerboard and semi-chem medium prices.
Portfolio Pulse from Benzinga Newsdesk
Packaging Corp. (PKG) shares are trading higher following the announcement of a price increase for linerboard and semi-chem medium to its customers.
November 27, 2023 | 5:10 pm
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Packaging Corp. (PKG) shares are up after the company announced price increases for linerboard and semi-chem medium products.
The announcement of price increases for products typically indicates a positive outlook on the company's ability to pass on costs to customers, which can lead to higher revenues and potentially improved margins. This is generally viewed favorably by investors, leading to a positive short term impact on the stock price.
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