Following news of an upcoming joint venture with The Campbell Group, Plum Creek Timber Co. Inc. (PCL) gapped open higher on Thursday and rose to a range within the first two and a half hours of trading.
The stock ended the session at $51.09 up $4.31 from Wednesday's close.
The advance came on above average volume and took the stock over recent resistance and to a new high.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.