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The Potential Rise in the Price of Weyerhaeuser Co. (WY) following insiders activity

In a filing, Weyerhaeuser Co. revealed its Director O’Rourke James Calvin acquired Company’s shares for reported $0.25 million on Sep 13 ’24. In the deal valued at $32.01 per share,7,800 shares were bought. As a result of this transaction, O’Rourke James Calvin now holds 17,672 shares worth roughly $0.58 million.

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Then, Williams Kim sold 12,000 shares, generating $369,252 in total proceeds. Upon selling the shares at $30.77, the Director now owns 46,729 shares.

Before that, Monaco Albert bought 31,500 shares. Weyerhaeuser Co. shares valued at $988,376 were divested by the Director at a price of $31.38 per share. As a result of the transaction, Monaco Albert now holds 70,726 shares, worth roughly $2.33 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 Friday, Weyerhaeuser Co. [NYSE:WY] saw its stock fall -0.15% to $32.88. Over the last five days, the stock has lost -2.58%. Weyerhaeuser Co. shares have fallen nearly -5.03% since the year began. Nevertheless, the stocks have risen 10.40% 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 $31.57, while 200 days put it at $31.95.

Levels Of Support And Resistance For WY Stock

The 24-hour chart illustrates a support level at 32.55, which if violated will result in even more drops to 32.23. On the upside, there is a resistance level at 33.13. A further resistance level may holdings at 33.38. The Relative Strength Index (RSI) on the 14-day chart is 54.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.87%. Stochastics %K at 47.72% indicates the stock is a holding.

How much short interest is there in Weyerhaeuser Co.?

A steep rise in short interest was recorded in Weyerhaeuser Co. stocks on 2024-09-13, growing by 1.23 million shares to a total of 8.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.61 million shares. There was a rise of 13.89%, which implies that there is a positive sentiment for the stock.

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