Weyerhaeuser Co (WY): David P Bozeman , director of Weyerhaeuser Co sold 1,929 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were sold at $30.30 per share for a total value of $58,456.03 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 13, 2016, David P Bozeman (director) sold 1,929 shares at $30.30 per share price.On Jun 8, 2016, Mark A Emmert (director) sold 9,536 shares at $31.25 per share price.Also, On Dec 21, 2015, Denise M Merle (Senior Vice President) sold 2,580 shares at $30.74 per share price.On Nov 20, 2015, Patricia M Bedient (Executive Vice President & CFO) sold 18,581 shares at $32.00 per share price.
Weyerhaeuser Co: On Friday, Jun 10, 2016 heightened volatility was witnessed in Weyerhaeuser Co which led to swings in the share price. The shares opened for trading at $30.18 and hit $30.66 on the upside , eventually ending the session at $30.59, with a gain of 0.72% or 0.22 points. The heightened volatility saw the trading volume jump to 50,58,285 shares. The 52-week high of the share price is $33.105 and the company has a market cap of $22,853 M . The 52-week low of the share price is at $22.06.
Company has been under the radar of several Street Analysts.Weyerhaeuser Co is Downgraded by DA Davidson to Neutral while Lowering the Price Target of the company shares to $ 33 from a previous price target of $34 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 9, 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 Company’s operational segments include Timberlands Wood Products and Cellulose Fibers. The Company’s 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.