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Stock Market & Financial Investment News

News Breaks
July 24, 2014
13:16 EDTRKT, PKG, IP, KSContainerboard names rally with Perry seeing 50%-100% upside
Richard Perry's Perry Capital took positions or increased holdings during Q2 in containerboard names International Paper (IP), RockTenn (RKT), KapStone (KS) and Packaging Corp. (PKG), Bloomberg reports. Perry believes managements can create master limited partnerships for their paper mills, driving share upside potential of 50%-100%, Bloomberg cites Perry as stating in the fundís Q2 letter. Shares of containerboard names are rallying today, with International Paper up 5%, RockTenn and KapStone up 9%, and Packaging Corp. up 4% in afternoon trading. Perry Capital has $10.9B under management, according to Bloomberg.
News For IP;RKT;KS;PKG From The Last 14 Days
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December 19, 2014
07:44 EDTRKTRockTenn Berry Plastics outlook attractive, says Wells Fargo
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December 16, 2014
16:08 EDTKSKapStone initiates regular quarterly cash dividend of 10c per share
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December 10, 2014
07:40 EDTIP, KS, PKGBofA/Merrill to hold a conference
2014 U.S. Basic Materials Conference is being held in Boston on December 10-11.
December 9, 2014
10:23 EDTPKGOn The Fly: Analyst Downgrade Summary
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08:10 EDTPKGPackaging Corp. downgraded to Neutral from Buy at DA Davidson
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