Shares of Packaging Corp. of America /zigman2/quotes/207413697/composite PKG -0.95% slipped 1.41% to $134.00 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.01% rising 0.28% to 4,726.35 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.03% rising 0.11% to 36,290.32. This was the stock's third consecutive day of losses. Packaging Corp. of America closed $22.54 short of its 52-week high ($156.54), which the company reached on May 10th.
The stock underperformed when compared to some of its competitors Wednesday, as International Paper Co. /zigman2/quotes/200533549/composite IP -0.71% fell 0.06% to $48.49, WestRock Co. /zigman2/quotes/202346656/composite WRK -1.63% rose 0.13% to $46.00, and Graphic Packaging Holding Co. /zigman2/quotes/203517136/composite GPK -0.20% rose 0.26% to $19.48. Trading volume (612,654) remained 75,052 below its 50-day average volume of 687,706.