Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Weyerhaeuser Co. shares valued at $326,000 were sold by Wold David M on Mar 04 ’24. At $35.16 per share, Wold David M sold 9,272 shares. The insider’s holdings dropped to 85,414 shares worth approximately $3.07 million following the completion of this transaction.
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Also, PIASECKI NICOLE WEYERHAEUSER sold 33,426 shares, netting a total of over 1,124,327 in proceeds. Following the sale of shares at $33.64 each, the insider now holds 5,807 shares.
Before that, Wold David M had sold 924 shares from its account. In a trade valued at $30,344, the Senior Vice President & CFO traded Weyerhaeuser Co. shares for $32.84 each. Upon closing the transaction, the insider’s holdings decreased to 924 shares, worth approximately $2.18 million.
As published in a research note from Raymond James on November 27, 2023, Weyerhaeuser Co. [WY] has been rated down from a Strong buy to a Mkt perform. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early July. As of April 10, 2023, DA Davidson has increased its “Neutral” rating to a “Buy” for WY. Earlier on September 20, 2022, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for WY stock which previously was a “a Buy”.
Analyzing WY Stock Performance
During the last five days, there has been a surge of approximately 1.76%. Over the course of the year, Weyerhaeuser Co. shares have jumped approximately 3.78%. Shares of the company reached a 52-week high of $35.97 on 03/25/24 and a 52-week low of $31.90 on 01/26/24. A 50-day SMA is recorded $33.81, while a 200-day SMA reached $32.51. Nevertheless, trading volume fell to 2.81 million shares from 3.36 million shares the previous day.
Support And Resistance Levels for Weyerhaeuser Co. (WY)
According to the 24-hour chart, there is a support level at 35.61, which, if violated, would cause prices to drop to 35.29. In the upper region, resistance lies at 36.09. The next price resistance is at 36.26. RSI (Relative Strength Index) is 66.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.66, which suggests the price will decrease in the coming days. Percent R is at 2.13%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Weyerhaeuser Co. subject to short interest?
Stocks of Weyerhaeuser Co. saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.57 million shares to 5.96 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 5.39 million shares. A jump of 9.56% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.62 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.62.
