Sonoco Products Company shares traded lower Monday (April 13, 2026), down roughly 3% to around $54.56, as a pre-earnings caution trade took hold. The company’s next earnings event is approaching in late April, and the stock is seeing risk-off positioning after a recent wave of analyst model updates and price-target trims in the packaging group.

In the run-up to earnings, the stock has been digesting incremental negative signal from price-target reductions, including a recent trim by Truist while maintaining a Buy rating. Separately, market chatter has centered on whether near-term volumes and margins can keep pace with expectations into the print, making the setup sensitive to any incremental negative checks or cautious positioning.

Investors are focused on (a) management’s tone on demand across consumer and industrial packaging, (b) the pace and stickiness of pricing actions, including recently announced EMEA increases that take effect mid-April, and (c) interest expense/deleveraging progress. With the report close, SON is trading more like an event-driven name, where small shifts in expectations can produce outsized daily moves.