Containerboard names track higher

|About: Greif, Inc. (GEF)|By:, SA News Editor

Containerboard stocks are taking back some ground after falling yesterday on pricing concerns. Old corrugated container prices were reported by PPIP Pulp & Paper Week to have declined for a fifth consecutive month in May, although some analysts think the sharp share price drops yesterday were overdone in reaction.

Notable gainers include Greig (NYSE:GEF) +3.1%, International Paper (NYSE:IP) +3.0%, WestRock (NYSE:WRK) +2.7%, Packaging Corp of America (NYSE:PKG) +2.5% and Graphic Packaging Holdings (NYSE:GPK) +1.6%.

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