The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Weyerhaeuser Co. shares valued at $300,784 were sold by O’Rear Keith on Mar 28 ’24. At $36.03 per share, O’Rear Keith sold 8,349 shares. The insider’s holdings dropped to 170,665 shares worth approximately $5.35 million following the completion of this transaction.
Also, Wold David M sold 9,272 shares, netting a total of over 326,000 in proceeds. Following the sale of shares at $35.16 each, the insider now holds 85,414 shares.
Before that, PIASECKI NICOLE WEYERHAEUSER had sold 33,426 shares from its account. In a trade valued at $1,124,327, the Director traded Weyerhaeuser Co. shares for $33.64 each. Upon closing the transaction, the insider’s holdings decreased to 33,426 shares, worth approximately $0.18 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 drop of approximately -6.84%. Over the course of the year, Weyerhaeuser Co. shares have dropped approximately -9.45%. Shares of the company reached a 52-week high of $36.27 on 03/28/24 and a 52-week low of $31.28 on 04/18/24. A 50-day SMA is recorded $34.08, while a 200-day SMA reached $32.69. Nevertheless, trading volume fell to 3.36 million shares from 3.4 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 31.13, which, if violated, would cause prices to drop to 30.90. In the upper region, resistance lies at 31.73. The next price resistance is at 32.10. RSI (Relative Strength Index) is 25.32 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.15, which suggests the price will decrease in the coming days. Percent R is at 98.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
