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. WestRock Co shares valued at $499,162 were sold by Singleton Denise R on May 03 ’24. At $51.46 per share, Singleton Denise R sold 9,700 shares. The insider’s holdings dropped to 74,946 shares worth approximately $3.97 million following the completion of this transaction.
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Also, O’Neal John L sold 6,965 shares, netting a total of over 358,489 in proceeds. Following the sale of shares at $51.47 each, the insider now holds 60,491 shares.
Before that, Kivits Patrick M. had sold 6,000 shares from its account. In a trade valued at $308,640, the President, Corrugated Pkg traded WestRock Co shares for $51.44 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $2.73 million.
As published in a research note from Seaport Research Partners on January 29, 2024, WestRock Co [WRK] has been rated down from a Buy to a Neutral. As of November 17, 2023, Argus has increased its “Hold” rating to a “Buy” for WRK. Earlier on April 20, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for WRK stock which previously was a “a Neutral”.
Analyzing WRK Stock Performance
During the last five days, there has been a surge of approximately 1.28%. Over the course of the year, WestRock Co shares have jumped approximately 27.70%. Shares of the company reached a 52-week high of $53.45 on 05/23/24 and a 52-week low of $38.30 on 02/06/24. A 50-day SMA is recorded $49.56, while a 200-day SMA reached $41.43. Nevertheless, trading volume fell to 2.95 million shares from 1.2 million shares the previous day.
Support And Resistance Levels for WestRock Co (WRK)
According to the 24-hour chart, there is a support level at 52.86, which, if violated, would cause prices to drop to 52.69. In the upper region, resistance lies at 53.32. The next price resistance is at 53.61. RSI (Relative Strength Index) is 68.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.74, which suggests the price will decrease in the coming days. Percent R is at 17.62%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
