Domtar Corporation (UFS) has risen sharply, recording gains of 6.29% in the past 4 weeks. However, the stock has corrected -3.88% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.2% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.49% and the 50-Day Moving Average is 3.26%. Domtar Corporation (NYSE:UFS): On Fridays trading session , Opening price of the stock was $39.17 with an intraday high of $39.17. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $37.66. However, the stock managed to close at $37.7, a loss of 3.65% for the day. On the previous day, the stock had closed at $39.13. The total traded volume of the day was 808,363 shares.
The company Insiders own 0.85% of Domtar Corporation shares according to the proxy statements. Institutional Investors own 88.88% of Domtar Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -80.24%. Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Domtar Corporation (NYSE:UFS). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup raises the price target from $37 per share to $41 per share. The rating by the firm was issued on August 2, 2016.
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company operates in two business segments: Pulp and Paper and Personal Care. The Companys Pulp and Paper segment is engaged in the design, manufacturing, marketing and distribution of communication papers, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp. The Companys Personal Care segment is involved in the manufacturing, marketing and distribution of absorbent hygiene products. The Company is an integrated marketer and manufacturer of uncoated freesheet paper in North America for a range of customers, including merchants, retail outlets, stationers, printers, publishers, converters and end-users. It is also a marketer and producer of a broad line of incontinence care products.