Shares of Packaging Corp. of America /zigman2/quotes/207413697/composite PKG +2.23% rose 2.35% to $137.15 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +2.47% falling 1.42% to 4,659.03 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.76% falling 0.49% to 36,113.62. The stock's rise snapped a three-day losing streak. Packaging Corp. of America closed $19.39 short of its 52-week high ($156.54), which the company reached on May 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as International Paper Co. /zigman2/quotes/200533549/composite IP +1.29% rose 1.67% to $49.30, WestRock Co. /zigman2/quotes/202346656/composite WRK +3.46% rose 2.72% to $47.25, and Graphic Packaging Holding Co. /zigman2/quotes/203517136/composite GPK +4.66% rose 1.39% to $19.75. Trading volume (590,577) remained 98,645 below its 50-day average volume of 689,222.