Weyerhaeuser Company (WY) : The total negative money flow of $17.94 million on Wednesday indicates selling on strength. The inflow of money on upticks was $10.4 million, compared to $28.33 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.37. The negative money flow of $18.08 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.61 million in a block trade.The transaction value of block trade on downtick was $18.69 million. The uptick to downtick ratio was 0.03. The price action in the Weyerhaeuser Company (WY) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $32.3 with a gain of $0.32 , a change of 1% over the previous days close. The stock registered 0.84% for the week.
Also, DA Davidson upgrades their rating on the shares of Weyerhaeuser Company (NYSE:WY). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 29, 2016.
Weyerhaeuser Company (NYSE:WY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.05 and $31.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.30, notching a gain of 1.00% for the day. The total traded volume was 3,105,971 . The stock had closed at $31.98 on the previous day.
The stock has recorded a 20-day Moving Average of 7.27% and the 50-Day Moving Average is 6.75%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Officer (Sr. Vice President) of WEYERHAEUSER CO, Hunter Rhonda D had sold 3,292 shares worth of $98,760 in a transaction dated June 30, 2016. In this transaction, 3,292 shares were sold at $30 per share.
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.