Westrock Company (WRK) : Investors lapped up stocks on upticks to the tune of $1.72 million in the Thursdays trading session. The trading value on downticks was comparatively at $1.23 million and the uptick to downtick ratio of 1.4 indicates continuous buying by the bulls. The net money flow into the stock was $0.49 million. Upticks saw transactions worth $0.51 clearly indicating buying by large investors. The total money flow for block trades stood at $0.51 million, which is a positive for the stock in the long-term. Westrock Company (WRK) fell $0.07 during the day at $39.54, a drop of -0.18% over the previous days close. However, for the week, the stock is 2.57%, compared to the previous week.
The stock has recorded a 20-day Moving Average of 3.54% and the 50-Day Moving Average is 2.16%.
Westrock Company (NYSE:WRK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.00 and $39.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.21, notching a gain of 1.51% for the day. The total traded volume was 1,799,133 . The stock had closed at $39.61 on the previous day.
In an insider trading activity, Brown J Powell, director of Westrock Co, executed a transaction worth $193,140 on February 5, 2016. A total of 6,000 shares were purchased at an average price of $32.19. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. 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.