Company Shares of Westrock Company Rally 1.87%

Westrock Company (NYSE:WRK) has climbed 1.87% in the past week and advanced 4.83% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.09% and the outperformance has advanced to 3.87% for the last 4 weeks period.

Westrock Company (NYSE:WRK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.75 and $38.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.73, notching a gain of 2.03% for the day. The total traded volume was 2,146,902 . The stock had closed at $38.94 on the previous day.

On the companys insider trading activities, Brown J Powell, director of Westrock Co, executed a transaction worth $193,140 on February 5, 2016. A total of 6,000 shares were purchased at an average price of $32.19. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Many analysts have stated their opinion on the company shares. Citigroup maintains their rating on the shares of Westrock Company (NYSE:WRK). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $46 per share from $43.3 per share. The rating by the firm was issued on June 13, 2016. Currently the company Insiders own 2.41% of Westrock Company shares according to the proxy statements. Institutional Investors own 88.76% of Westrock Company shares. During last six month period, the net percent change held by insiders has seen a change of 13.1%.

WestRock Company, formerly Rome-Milan Holdings, Inc., is a packaging company. The Company provides paper and packaging solutions in consumer and corrugated markets. The Company includes customers across the world from around 275 operating and business locations spanning North America, South America, Europe and Asia-Pacific. The Companys products and services include consumer packaging, corrugated packaging, merchandising displays, containerboard, kraft paper, pulp, paperboard, recycling and waste solutions, and specialty paperboard. The Companys consumer packaging includes the manufacturing of folding cartons and production of coated paperboard and serves markets, such as printing and converting, solid bleached sulfate and coated recycled board. Its corrugated packaging is engaged in the manufacturing of containerboard, containers, pre-print and microflute packaging, retail displays and automated packaging systems. Rock-Tenn Company is a subsidiary of WestRock Co.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.