Weyerhaeuser Co.’s filing revealed that its Director Williams Kim unloaded Company’s shares for reported $0.37 million on Aug 27 ’24. In the deal valued at $30.77 per share,12,000 shares were sold. As a result of this transaction, Williams Kim now holds 46,729 shares worth roughly $1.52 million.
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Then, Monaco Albert bought 31,500 shares, generating $988,376 in total proceeds. Upon buying the shares at $31.38, the Director now owns 70,726 shares.
Before that, Williams Kim bought 12,000 shares. Weyerhaeuser Co. shares valued at $372,960 were divested by the Officer at a price of $31.08 per share.
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 Friday, Weyerhaeuser Co. [NYSE:WY] saw its stock jump 3.31% to $32.45. Over the last five days, the stock has gained 6.92%. Weyerhaeuser Co. shares have fallen nearly -6.28% since the year began. Nevertheless, the stocks have risen 1.36% 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 $30.36, while 200 days put it at $31.83.
Levels Of Support And Resistance For WY Stock
The 24-hour chart illustrates a support level at 31.92, which if violated will result in even more drops to 31.39. On the upside, there is a resistance level at 32.73. A further resistance level may holdings at 33.01. The Relative Strength Index (RSI) on the 14-day chart is 70.62, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.22%. Stochastics %K at 81.51% indicates the stock is a selling.
How much short interest is there in Weyerhaeuser Co.?
A steep rise in short interest was recorded in Weyerhaeuser Co. stocks on 2024-08-30, dropping by -0.64 million shares to a total of 7.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 8.09 million shares. There was a decline of -8.63%, which implies that there is a negative sentiment for the stock.
