Shares of Westrock Company (WRK) Sees Large Outflow of Money

Westrock Company (WRK) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($11.42 million) and the uptick to downtick ratio was 0.51. The transaction value on upticks was $11.83 million and on downticks, the transaction value was $23.25 million. In block trades, the transaction value of inflow done during uptick was $2.68 million. The transaction value of block trades during downticks was $14.59 million. The uptick to downtick block trade ratio was 0.18. The money flow was negative ($11.91 million), indicating the traders were booking profit on the price strength. Westrock Company (WRK) rose $0.66 at $43.58, during intraday Wednesday , a rise of 1.54% over the previous days close.


Also, Major Brokerage house, Citigroup maintains its ratings on Westrock Company (NYSE:WRK). In the latest research report, Citigroup raises the target price from $43.3 per share to $46 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 13, 2016.

Westrock Company (NYSE:WRK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.16 and $42.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.58, notching a gain of 1.54% for the day. The total traded volume was 1,595,030 . The stock had closed at $42.92 on the previous day.

The stock has recorded a 20-day Moving Average of 10.64% and the 50-Day Moving Average is 10.2%. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Westrock Co, Brown J Powell had purchased shares worth of $193,140 in a transaction dated on February 5, 2016. A total of 6,000 shares were purchased at a price of $32.19 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

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