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Weyerhaeuser Co. (WY) gets rating Downgrade from Raymond James

Weyerhaeuser Co.’s recently made public that its Director PIASECKI NICOLE WEYERHAEUSER unloaded Company’s shares for reported $0.17 million on Jun 07 ’24. In the deal valued at $29.40 per share,5,776 shares were sold. As a result of this transaction, PIASECKI NICOLE WEYERHAEUSER now holds 5,790 shares worth roughly $0.16 million.

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Then, O’Rear Keith sold 8,349 shares, generating $300,784 in total proceeds. Upon selling the shares at $36.03, the Senior Vice President now owns 170,665 shares.

Before that, Wold David M sold 9,272 shares. Weyerhaeuser Co. shares valued at $326,000 were divested by the Senior Vice President & CFO at a price of $35.16 per share. As a result of the transaction, Wold David M now holds 85,414 shares, worth roughly $2.35 million.

Raymond James downgraded its Weyerhaeuser Co. [WY] rating to a Mkt perform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early July from “a Neutral” to “a Buy”. DA Davidson also remained covering WY and has increased its forecast on April 10, 2023 with a “Buy” recommendation from previously “Neutral” rating. BofA Securities revised its rating on September 20, 2022. It rated WY as “a Neutral” which previously was an “a Buy”.

Price Performance Review of WY

On Tuesday, Weyerhaeuser Co. [NYSE:WY] saw its stock fall -0.07% to $27.57. Over the last five days, the stock has gained 0.04%. Weyerhaeuser Co. shares have fallen nearly -20.37% since the year began. Nevertheless, the stocks have fallen -17.23% over the past one year. While a 52-week high of $36.27 was reached on 03/28/24, a 52-week low of $26.73 was recorded on 07/05/24. SMA at 50 days reached $29.66, while 200 days put it at $31.78. A total of 3.73 million shares were traded, compared to the trading of 4.06 million shares in the previous session.

Levels Of Support And Resistance For WY Stock

The 24-hour chart illustrates a support level at 27.42, which if violated will result in even more drops to 27.27. On the upside, there is a resistance level at 27.69. A further resistance level may holdings at 27.81. The Relative Strength Index (RSI) on the 14-day chart is 34.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.77%. Stochastics%K at 29.99% indicates the stock is a holding.

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