Weyerhaeuser Company (WY) : 8 Wall Street analysts covering Weyerhaeuser Company (WY) believe that the average level the stock could reach for the short term is $34.13. The maximum price target given is $36 and the minimum target for short term is around $32, hence the standard deviation is calculated at $1.55.
Weyerhaeuser Company (WY), A rise of 2,858,787 shares or 18.3% was seen in the short interest of Weyerhaeuser. Even as the interest increased from 15,630,097 shares on June 15,2016 to 18,488,884 shares on June 30,2016, the days to cover came in at 2. The updated interest stood at 2.5% of the stocks floats. The stock has seen an average daily volume of 8,073,128 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity analysts at the Brokerage firm DA Davidson upgrades its rating on Weyerhaeuser Company (NYSE:WY). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 29, 2016.
Weyerhaeuser Company (NYSE:WY): stock turned positive on Thursday. Though the stock opened at $32.14, the bulls momentum made the stock top out at $32.26 level for the day. The stock recorded a low of $31.96 and closed the trading day at $32.04, in the green by 0.22%. The total traded volume for the day was 3,646,063. The stock had closed at $31.97 in the previous days trading.
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. The Company owns nearly 7 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. It is engaged in the manufacturing of wood and specialty cellulose fibers products. The Companys operational segments include Timberlands, Wood Products and Cellulose Fibers. The Companys Timberlands segment manages approximately 6.9 million acres of private commercial timberlands across the world. The Wood Products segment manufactures and distributes wood products primarily in North America and Asia. The Cellulose Fibers segment is involved in the production of absorbent fluff pulp used in products, such as diapers.