KapStone Paper and Packaging slides off pricing news


Shares of KapStone Paper and Packaging (KS -4%) slide on after industry pricing trends for the old corrugated container category come in weaker than anticipated.

Trading volume is very high on KapStone with over 800K shares trading hands in under an hour, compared to the daily average or around 1M.

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Comments (3)
  • Philip Marlowe
    , contributor
    Comments (1573) | Send Message
     
    Do you happen to have a link for the industry pricing trends?
    8 Jul 2014, 11:20 AM Reply Like
  • User 20220471
    , contributor
    Comments (24) | Send Message
     
    Owning KS stock since early 2009 has been very rewarding for me. It would have to drop much further for me to lose my investment.
    8 Jul 2014, 11:06 PM Reply Like
  • Greyfox070
    , contributor
    Comments (201) | Send Message
     
    If you are losing sleep over this OCC pricing business, listen to $PKG 2nd quarter conference call. This whole thing is pretty much a non-event, and presents a very good entry point for $KS prior to earnings. The sell-off in $KS was way, way overdone.
    22 Jul 2014, 06:00 PM Reply Like
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