WestRock Company’s filing revealed that its Director RUSSELL CURREY M unloaded Company’s shares for reported $2.01 million on Dec 12. In the deal valued at $36.51 per share,55,000 shares were sold. As a result of this transaction, RUSSELL CURREY M now holds 245,271 shares worth roughly $ 7.76 million.
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Then, O’Neal John L sold 5,173 shares, generating $220,111 in total proceeds. Upon selling the shares at $42.55, the President, Global Paper now owns 46,305 shares.
Before that, Nevels James E sold 2,483 shares. WestRock Company shares valued at $105,180 were divested by the Director at a price of $42.36 per share. As a result of the transaction, Nevels James E now holds 14,326 shares, worth roughly $0.45 million.
Argus downgraded its WestRock Company [WRK] rating to a Hold from a a Buy in a research note published on Friday. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in late June from “a Buy” to “a Neutral”. BofA Securities also remained covering WRK and has decreased its forecast on January 20, 2022 with a “Neutral” recommendation from previously “Buy” rating. Jefferies revised its rating on November 01, 2021. It rated WRK as “a Hold” which previously was an “a Buy”.
Price Performance Review of WRK
On Friday, WestRock Company [NYSE:WRK] saw its stock fall -0.35% to $31.65. On the same session, the stock had its day’s lowest price of $30.88, but rose to a high of $31.66. Over the last five days, the stock has lost -4.35%. WestRock Company shares have fallen nearly -9.98% since the year began. Nevertheless, the stocks have fallen -29.70% over the past one year. While a 52-week high of $54.78 was reached on 01/31/23, a 52-week low of $30.08 was recorded on 02/21/23. SMA at 50 days reached $35.23, while 200 days put it at $38.24. A total of 2.03 million shares were traded, compared to the trading of 1.43 million shares in the previous session.
Levels Of Support And Resistance For WRK Stock
The 24-hour chart illustrates a support level at 31.13, which if violated will result in even more drops to 30.62. On the upside, there is a resistance level at 31.91. A further resistance level may holdings at 32.18. The Relative Strength Index (RSI) on the 14-day chart is 35.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.34%. Stochastics %K at 19.31% indicates the stock is a buying.
WestRock Company [WRK] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 29,797,115 shares, or roughly 11.71% of the outstanding WRK shares. In other words, the investor’s shares have risen by 375,263 from its previous 13-F filing of 29421852.0. Additionally, BlackRock Fund Advisors increased 3.57% of its stake after which the total value it holdings stand at $676,539,037, while SSgA Funds Management, Inc. reduced -1.51% of its stake to hold $409.6 million in the firm. Over the last quarter, Greenhaven Associates, Inc. sold -12,100 shares of WestRock Company, while T. Rowe Price Associates, Inc. sold -63,877 shares. At present, Pictet Asset Management SA is holding 5,833,644 shares valued at $228.91 million. Norges Bank Investment Management owned 5,538,660 shares of the company at the time of its most recent 13F filing, worth $217.34 million.
The most recent change occurred on October 13, 2021 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $47 price target.