The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Weyerhaeuser Company shares valued at $135,660 were purchased by Monaco Albert on Jun 08. At $38.76 per share, Monaco Albert acquired 3,500 shares. The insider’s holdings grew to 30,746 shares worth approximately $1.08 million following the completion of this transaction.
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Also, Monaco Albert purchased 3,000 shares, netting a total of over 115,290 in proceeds. Following the buying of shares at $38.43 each, the insider now holds 27,246 shares.
As published in a research note from Argus on July 20, 2022, Weyerhaeuser Company [WY] has been rated down from a Buy to a Hold. Analysts at Truist started covering the stock with ‘”a Hold”‘ outlook in a report released in late June. As of May 02, 2022, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for WY. Earlier on July 27, 2021, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for WY stock which previously was a “a Neutral”.
Analyzing WY’s Price Performance
On Thursday, Weyerhaeuser Company [NYSE: WY] plunged -0.96% to $35.19. The stock’s lowest price that day was $35.11, but it reached a high of $35.73 in the same session. During the last five days, there has been a drop of approximately -3.24%. Over the course of the year, Weyerhaeuser Company shares have dropped approximately -11.48%. Shares of the company reached a 52-week high of $43.04 on 02/09/22 and a 52-week low of $32.50 on 06/30/22. A 50-day SMA is recorded $35.61, while a 200-day SMA reached $38.28. Nevertheless, trading volume fell to 2.49 million shares from 3.17 million shares the previous day.
Support And Resistance Levels for Weyerhaeuser Company (WY)
According to the 24-hour chart, there is a support level at 34.96, which, if violated, would cause prices to drop to 34.72. In the upper region, resistance lies at 35.58. The next price resistance is at 35.96. RSI (Relative Strength Index) is 47.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 65.90%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Weyerhaeuser Company subject to short interest?
Stocks of Weyerhaeuser Company saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.93 million shares to 8.97 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 11.9 million shares. A decline of -32.66% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.78 of the overall float, the days-to-cover ratio (short ratio) decline to 1.78.
Which companies own the most shares of Weyerhaeuser Company (WY)?
According to The Vanguard Group, Inc. filings, the company currently owns 117,671,763 shares, which is about 15.81% of the total WY shares outstanding. The investor’s shares have appreciated by 1,897,876 from its previous 13-F filing of 115773887.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $1,315,267,137. T. Rowe Price Associates, Inc. reduced a -14.71% interest valued at $1.3 billion while SSgA Funds Management, Inc. sold a -120,870 stake. A total of -65,969 shares of Weyerhaeuser Company were sold by Geode Capital Management LLC during the quarter, and 526,415 were bought by JPMorgan Investment Management, I. In its current portfolio, First Eagle Investment Management holds 15,185,409 shares valued at $502.94 million.
In terms of Weyerhaeuser Company share price expectations, FactSet research, analysts set an average price target of $41.40 in the next 12 months, up nearly 15.4% from the previous closing price of $35.53. Analysts anticipate Weyerhaeuser Company stock to reach $50.00 by 2022, with the lowest price target being $35.00. In spite of this, 12 analysts ranked Weyerhaeuser Company stock as an Overweight at the end of 2022. On July 15, 2021, Goldman assigned a price target of “a Buy” to the stock and initiated coverage with a $40.