Weyerhaeuser Company (NYSE:WY) has tumbled 6.21% during the past week and has dropped 5.69% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.09%. Weyerhaeuser Company (NYSE:WY) has underperformed the index by 6.55% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Weyerhaeuser Company (NYSE:WY): The stock opened at $28.69 on Friday but the bulls could not build on the opening and the stock topped out at $28.86 for the day. The stock traded down to $28.50 during the day, due to lack of any buying support eventually closed down at $28.69 with a loss of -0.10% for the day. The stock had closed at $28.72 on the previous day. The total traded volume was 7,402,414 shares.
The company shares have dropped -11.91% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $32.79 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $30.82 and the 200 Day Moving Average price is recorded at $29.11.
On the companys insider trading activities,The director of Weyerhaeuser Co, Bozeman David P sold 1,929 shares at $30.3 on June 9, 2016. The Insider selling transaction had a total value worth of $58,449. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the DA Davidson downgrades the rating on Weyerhaeuser Company (NYSE:WY). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The Analysts at the ratings agency lowers the price target from $34 per share to $33 per share. The rating by the firm was issued on May 9, 2016. Currently the company Insiders own 1.3% of Weyerhaeuser Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -49.54% . Institutional Investors own 78.51% of Weyerhaeuser Company shares. During last six month period, the net percent change held by insiders has seen a change of -49.54%.
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.