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. Weyerhaeuser Co shares valued at $249,676 were purchased by O’Rourke James Calvin on Sep 13 ’24. At $32.01 per share, O’Rourke James Calvin acquired 7,800 shares. The insider’s holdings grew to 17,672 shares worth approximately $0.54 million following the completion of this transaction.
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Also, Williams Kim sold 12,000 shares, netting a total of over 369,252 in proceeds. Following the sale of shares at $30.77 each, the insider now holds 46,729 shares.
Before that, Monaco Albert had added 31,500 shares to its account. In a trade valued at $988,376, the Director bought Weyerhaeuser Co shares for $31.38 each. Upon closing the transaction, the insider’s holdings increased to 31,500 shares, worth approximately $2.15 million.
As published in a research note from BMO Capital Markets on December 06, 2024, Weyerhaeuser Co [WY] has been rated up from a Market perform to an Outperform and the price target has been revised to $38. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”a Mkt perform”‘ outlook in a report released in late November. As of July 10, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for WY. Earlier on April 10, 2023, DA Davidson upgraded its rating. Their new recommendation was “a Buy” for WY stock which previously was a “a Neutral”.
Analyzing WY Stock Performance
During the last five days, there has been a drop of approximately -1.81%. Over the course of the year, Weyerhaeuser Co shares have dropped approximately -12.20%. Shares of the company reached a 52-week high of $36.27 on 03/28/24 and a 52-week low of $26.73 on 07/05/24. A 50-day SMA is recorded $31.79, while a 200-day SMA reached $31.53. Nevertheless, trading volume fell to 2.85 million shares from 5.67 million shares the previous day.
Support And Resistance Levels for Weyerhaeuser Co (WY)
According to the 24-hour chart, there is a support level at 30.14, which, if violated, would cause prices to drop to 29.89. In the upper region, resistance lies at 30.89. The next price resistance is at 31.38. RSI (Relative Strength Index) is 39.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.77, which suggests the price will decrease in the coming days. Percent R is at 99.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
