Containerboard sector feeling pandemic-induced ‘hangover' [Yahoo! Finance]
SMURFIT KAPPA GROUP ADR (SMFKY)
NASDAQ:AMEX Investor Relations:
smurfitkappa.com/vhome/com/investors
Company Research
Source: Yahoo! Finance
Rager spoke Tuesday at FreightWaves' Future of Supply Chain conference in Atlanta with FreightWaves SONAR CFO Spencer Piland. The two discussed the impact of America's cardboard box recession and lumber industry slowdown. The containerboard sector grew faster than GDP in the '70s and '80s before flattening out in the mid-'90s, Rager said. The industry lagged behind the economy during the past decade, before getting “turbocharged” during the coronavirus pandemic. Now, the sector is experiencing a hangover from the pandemic era. As containerboard shipping declined, industry operating rates fell, but margins didn't take as much of a hit as they did in the Great Recession of 2007-2009, Rager said. Due to the high cost of operating in the sector, large containerboard facilities have closed in recent years. From a demand perspective, Rager said the industry is picking up. Box shipments were down 5% last year, but Fastmarkets is predicting a 2% increase this year — a sign of recovery
Show less
Read more
Impact Snapshot
Event Time:
SMFKY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SMFKY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SMFKY alerts
High impacting SMURFIT KAPPA GROUP ADR news events
Weekly update
A roundup of the hottest topics
SMFKY
News
- WestRock shareholders approve merger with Smurfit Kappa [Yahoo! Finance]Yahoo! Finance
- WestRock Stockholders Approve Combination with Smurfit Kappa [Yahoo! Finance]Yahoo! Finance
- What Makes Smurfit Kappa (SMFKY) a Good Fit for 'Trend Investing' [Yahoo! Finance]Yahoo! Finance
- Smurfit Kappa (SMFKY) to Acquire Bulgarian Bag-in-Box Plant [Yahoo! Finance]Yahoo! Finance
- Smurfit Kappa to acquire Bulgarian bag-in-box packaging plant [Yahoo! Finance]Yahoo! Finance