Shares of Westrock Company (WRK) Rally 10.27%

Westrock Company (WRK) : Traders are bullish on Westrock Company (WRK) as it has outperformed the S&P 500 by a wide margin of 2.52% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.65%, 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 10.27% in the last 1 week, and is up 7% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 9.21% and the 50-Day Moving Average is 7.96%.

Westrock Company (NYSE:WRK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.16 and $41.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.51, notching a gain of 5.72% for the day. The total traded volume was 3,627,879 . The stock had closed at $40.21 on the previous day.


The company Insiders own 2.41% of Westrock Company shares according to the proxy statements. Institutional Investors own 88.86% of Westrock Company shares. During last six month period, the net percent change held by insiders has seen a change of 13.1%. 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.