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Why Packaging Corporation of America (PKG) Shares Are Trading Lower Today
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Packaging Corporation of America (PKG) shares fell 5.4% after a Bloomberg Intelligence report indicated weakening demand for boxes, with December demand forecasted to rise only 1.3%, a decrease from prior projections. This marks the third consecutive month of declining sentiment. The company also previously missed Q3 earnings expectations and provided a weaker-than-expected Q4 guidance.
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