Weyerhaeuser Company (WY) : Traders are bullish on Weyerhaeuser Company (WY) as it has outperformed the S&P 500 by a wide margin of 4.6% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.06%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.49% in the last 1 week, and is up 7.21% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Weyerhaeuser Company (NYSE:WY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.50 and $32.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.88, notching a gain of 0.70% for the day. The total traded volume was 4,317,423 . The stock had closed at $32.65 on the previous day.
The stock has recorded a 20-day Moving Average of 2.06% and the 50-Day Moving Average is 6.97%. Weyerhaeuser Co. is up 5.06% in the last 3-month period. Year-to-Date the stock performance stands at 12.05%.
Weyerhaeuser Company (WY) : The most positive equity analysts on Weyerhaeuser Company (WY) expects the shares to touch $36, whereas, the least positive believes that the stock will trade at $33 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $34.38 with an expected fluctuation of $1.3 from the mean.
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.