WestRock Co’s recently made public that its Chief Human Resources Officer Lostetter Vicki L unloaded Company’s shares for reported $0.15 million on Feb 12 ’24. In the deal valued at $42.77 per share,3,500 shares were sold. As a result of this transaction, Lostetter Vicki L now holds 92,117 shares worth roughly $4.53 million.
Seaport Research Partners downgraded its WestRock Co [WRK] rating to a Neutral from a a Buy in a research note published recently. Argus also remained covering WRK and has increased its forecast on November 17, 2023 with a “Buy” recommendation from previously “Hold” rating. BofA Securities revised its rating on April 20, 2023. It rated WRK as “a Buy” which previously was an “a Neutral”.
Price Performance Review of WRK
On Tuesday, WestRock Co [NYSE:WRK] saw its stock fall -0.20% to $49.15. Over the last five days, the stock has lost -0.24%. WestRock Co shares have risen nearly 18.38% since the year began. Nevertheless, the stocks have risen 63.51% over the past one year. While a 52-week high of $49.67 was reached on 03/26/24, a 52-week low of $26.85 was recorded on 02/06/24. SMA at 50 days reached $45.27, while 200 days put it at $38.34. A total of 1.48 million shares were traded, compared to the trading of 1.6 million shares in the previous session.
Levels Of Support And Resistance For WRK Stock
The 24-hour chart illustrates a support level at 49.02, which if violated will result in even more drops to 48.90. On the upside, there is a resistance level at 49.33. A further resistance level may holdings at 49.52. The Relative Strength Index (RSI) on the 14-day chart is 65.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.37%. Stochastics %K at 64.66% indicates the stock is a holding.
How much short interest is there in WestRock Co?
A steep rise in short interest was recorded in WestRock Co stocks on Mar 15, 2024, growing by 4.23 million shares to a total of 15.5 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 11.27 million shares. There was a rise of 27.29%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.82% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.53.
