Weyerhaeuser Company’s filing revealed that its Senior Vice President Merle Denise M unloaded Company’s shares for reported $0.16 million on Jun 01. In the deal valued at $28.54 per share,5,719 shares were sold. As a result of this transaction, Merle Denise M now holds 154,788 shares worth roughly $ 4.94 million.
Then, Merle Denise M sold 1,781 shares, generating $53,430 in total proceeds. Upon selling the shares at $30.00, the Senior Vice President now owns 160,507 shares.
Before that, Stockfish Devin W sold 1,800 shares. Weyerhaeuser Company shares valued at $64,800 were divested by the President and CEO at a price of $36.00 per share. As a result of the transaction, Stockfish Devin W now holds 567,381 shares, worth roughly $18.11 million.
BofA Securities upgraded its Weyerhaeuser Company [WY] rating to a Buy from a a Neutral in a research note published on Tuesday, July 10, 2023; the price target was increased to $38 from $34. PT values the company’s stock at a premium of 16.0 to its Tuesday closing price.
Price Performance Review of WY
On Tuesday, Weyerhaeuser Company [NYSE:WY] saw its stock fall -2.53% to $31.92. On the same session, the stock had its day’s lowest price of $31.92, but rose to a high of $32.72. Over the last five days, the stock has lost -2.89%. Weyerhaeuser Company shares have risen nearly 5.75% since the year began. Nevertheless, the stocks have fallen -3.69% over the past one year. While a 52-week high of $35.08 was reached on 02/02/23, a 52-week low of $26.64 was recorded on 03/24/23. SMA at 50 days reached $33.30, while 200 days put it at $31.53. A total of 4.13 million shares were traded, compared to the trading of 3.58 million shares in the previous session.
Levels Of Support And Resistance For WY Stock
The 24-hour chart illustrates a support level at 31.65, which if violated will result in even more drops to 31.39. On the upside, there is a resistance level at 32.45. A further resistance level may holdings at 32.99. The Relative Strength Index (RSI) on the 14-day chart is 37.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.35%. Stochastics %K at 40.20% indicates the stock is a holding.
How much short interest is there in Weyerhaeuser Company?
A steep rise in short interest was recorded in Weyerhaeuser Company stocks on Aug 14, 2023, growing by 0.36 million shares to a total of 9.52 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 9.16 million shares. There was a rise of 3.78%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.56% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.09.
Weyerhaeuser Company [WY] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 114,472,435 shares, or roughly 15.63% of the outstanding WY shares. In other words, the investor’s shares have fallen by -2,172,945 from its previous 13-F filing of 116645380.0. Additionally, T. Rowe Price Associates, Inc. decreased -0.92% of its stake after which the total value it holdings stand at $1,517,229,199, while BlackRock Fund Advisors reduced -1.40% of its stake to hold $1.39 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -907,244 shares of Weyerhaeuser Company, while Geode Capital Management LLC sold 184,509 shares. At present, JPMorgan Investment Management, I is holding 16,762,460 shares valued at $570.93 million. Wellington Management Co. LLP owned 15,726,315 shares of the company at the time of its most recent 13F filing, worth $535.64 million.
According to FactSet, Weyerhaeuser Company’s share price will average $38.89 in the next year, based on opinions of analysts polled by the firm. This is up nearly 19.08 percent from its previous closing price of $32.75. Analysts expect Weyerhaeuser Company stock to reach the higher price of $42.00, while the lowest price estimate is $36.00. However, 11 analysts have rated WY stock as an Overweight in their predictions for 2023.