Weyerhaeuser Co.’s recent filing unveils that its Senior Vice President O’Rear Keith unloaded Company’s shares for reported $0.3 million on Mar 28 ’24. In the deal valued at $36.03 per share,8,349 shares were sold. As a result of this transaction, O’Rear Keith now holds 170,665 shares worth roughly $5.87 million.
Then, Wold David M sold 9,272 shares, generating $326,000 in total proceeds. Upon selling the shares at $35.16, the Senior Vice President & CFO now owns 85,414 shares.
Before that, PIASECKI NICOLE WEYERHAEUSER sold 33,426 shares. Weyerhaeuser Co. shares valued at $1,124,327 were divested by the Director at a price of $33.64 per share. As a result of the transaction, PIASECKI NICOLE WEYERHAEUSER now holds 5,807 shares, worth roughly $0.2 million.
Raymond James downgraded its Weyerhaeuser Co. [WY] rating to a Mkt perform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early July from “a Neutral” to “a Buy”. DA Davidson also remained covering WY and has increased its forecast on April 10, 2023 with a “Buy” recommendation from previously “Neutral” rating. BofA Securities revised its rating on September 20, 2022. It rated WY as “a Neutral” which previously was an “a Buy”.
Price Performance Review of WY
On Monday, Weyerhaeuser Co. [NYSE:WY] saw its stock fall -0.49% to $34.42. Over the last five days, the stock has lost -3.21%. Weyerhaeuser Co. shares have fallen nearly -0.59% since the year began. Nevertheless, the stocks have risen 16.86% over the past one year. While a 52-week high of $36.27 was reached on 03/28/24, a 52-week low of $28.00 was recorded on 01/26/24. SMA at 50 days reached $34.09, while 200 days put it at $32.66. A total of 2.36 million shares were traded, compared to the trading of 0.34 million shares in the previous session.
Levels Of Support And Resistance For WY Stock
The 24-hour chart illustrates a support level at 34.28, which if violated will result in even more drops to 34.15. On the upside, there is a resistance level at 34.67. A further resistance level may holdings at 34.92. The Relative Strength Index (RSI) on the 14-day chart is 45.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.91%. Stochastics %K at 26.99% indicates the stock is a holding.
How much short interest is there in Weyerhaeuser Co.?
A steep rise in short interest was recorded in Weyerhaeuser Co. stocks on Mar 15, 2024, growing by 1.49 million shares to a total of 6.92 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.43 million shares. There was a rise of 21.53%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.13% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.88.
