Weyerhaeuser Company (WY) : During the past 4 weeks, traders have been relatively bearish on Weyerhaeuser Company (WY), hence the stock is down -4.22% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.1% relative to the S&P 500. The 4-week change in the price of the stock is -3.85% and the stock has fallen -2.13% in the past 1 week.
Weyerhaeuser Co. is up 3.53% in the last 3-month period. Year-to-Date the stock performance stands at 6.26%. The stock has recorded a 20-day Moving Average of 3.59% and the 50-Day Moving Average is 0.7%.
Weyerhaeuser Company (NYSE:WY): The stock opened at $31.25 on Friday but the bulls could not build on the opening and the stock topped out at $31.29 for the day. The stock traded down to $30.88 during the day, due to lack of any buying support eventually closed down at $31.18 with a loss of -0.73% for the day. The stock had closed at $31.41 on the previous day. The total traded volume was 3,688,461 shares.
Also, Brokerage firm Dundee downgrades its rating on Weyerhaeuser Company (NYSE:WY). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 12, 2016.
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.