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Insider Selling Buzz: WestRock Co [WRK] Chief Human Resources Officer Lostetter Vicki L sold 3,500 shares of the company

WestRock Co’s recent filing unveils 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 $4.42 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 -1.19% to $47.96. Over the last five days, the stock has gained 1.83%. WestRock Co shares have risen nearly 15.51% since the year began. Nevertheless, the stocks have risen 60.24% 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 $47.24, while 200 days put it at $39.76. A total of 1.21 million shares were traded, compared to the trading of 2.1 million shares in the previous session.

Levels Of Support And Resistance For WRK Stock

The 24-hour chart illustrates a support level at 47.70, which if violated will result in even more drops to 47.45. On the upside, there is a resistance level at 48.44. A further resistance level may holdings at 48.93. The Relative Strength Index (RSI) on the 14-day chart is 51.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.79%. Stochastics %K at 47.83% indicates the stock is a holding.

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