WestRock Co’s recent filing unveils that its EVP, General Counsel & Sec. Singleton Denise R unloaded Company’s shares for reported $0.5 million on May 03 ’24. In the deal valued at $51.46 per share,9,700 shares were sold. As a result of this transaction, Singleton Denise R now holds 74,946 shares worth roughly $3.85 million.
Then, O’Neal John L sold 6,965 shares, generating $358,489 in total proceeds. Upon selling the shares at $51.47, the President, Global Paper now owns 60,491 shares.
Before that, Kivits Patrick M. sold 6,000 shares. WestRock Co shares valued at $308,640 were divested by the President, Corrugated Pkg at a price of $51.44 per share. As a result of the transaction, Kivits Patrick M. now holds 51,502 shares, worth roughly $2.65 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 Monday, WestRock Co [NYSE:WRK] saw its stock jump 0.47% to $51.40. Over the last five days, the stock has gained 5.89%. WestRock Co shares have risen nearly 23.80% since the year began. Nevertheless, the stocks have risen 81.37% over the past one year. While a 52-week high of $51.79 was reached on 05/03/24, a 52-week low of $26.85 was recorded on 02/06/24. SMA at 50 days reached $47.77, while 200 days put it at $40.17. A total of 2.18 million shares were traded, compared to the trading of 2.97 million shares in the previous session.
Levels Of Support And Resistance For WRK Stock
The 24-hour chart illustrates a support level at 51.11, which if violated will result in even more drops to 50.82. On the upside, there is a resistance level at 51.59. A further resistance level may holdings at 51.77. The Relative Strength Index (RSI) on the 14-day chart is 69.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.25%. Stochastics %K at 91.56% indicates the stock is a selling.
