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 $0.53 million.
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 $2.14 million.
CIBC upgraded its Weyerhaeuser Co [WY] rating to a Sector outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late December from “a Mkt perform” to “an Outperform”. BMO Capital Markets also remained covering WY and has increased its forecast on December 06, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Raymond James revised its rating on November 27, 2023. It rated WY as “a Mkt perform” which previously was an “a Strong buy”.
Price Performance Review of WY
On Friday, Weyerhaeuser Co [NYSE:WY] saw its stock jump 0.57% to $30.20. Over the last five days, the stock has gained 10.66%. Weyerhaeuser Co shares have risen nearly 7.28% since the year began. Nevertheless, the stocks have fallen -6.60% over the past one year. While a 52-week high of $36.27 was reached on 01/17/25, a 52-week low of $26.73 was recorded on 01/10/25. SMA at 50 days reached $30.03, while 200 days put it at $30.78.
Levels Of Support And Resistance For WY Stock
The 24-hour chart illustrates a support level at 29.98, which if violated will result in even more drops to 29.76. On the upside, there is a resistance level at 30.48. A further resistance level may holdings at 30.77. The Relative Strength Index (RSI) on the 14-day chart is 59.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.90%. Stochastics %K at 88.10% 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 2024-12-31, dropping by -0.45 million shares to a total of 8.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 8.57 million shares. There was a decline of -5.56%, which implies that there is a negative sentiment for the stock.
