Weyerhaeuser Company (WY) : Traders are bullish on Weyerhaeuser Company (WY) as it has outperformed the S&P 500 by a wide margin of 6.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.9%, 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 4.43% in the last 1 week, and is up 11.64% 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 8.14% and the 50-Day Moving Average is 6.04%.
Weyerhaeuser Company (NYSE:WY): The stock opened at $32.08 on Friday but the bulls could not build on the opening and the stock topped out at $32.25 for the day. The stock traded down to $31.98 during the day, due to lack of any buying support eventually closed down at $32.03 with a loss of -0.03% for the day. The stock had closed at $32.04 on the previous day. The total traded volume was 3,843,735 shares.
The company Insiders own 1.3% of Weyerhaeuser Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -19.54% . Institutional Investors own 78.62% of Weyerhaeuser Company shares. During last six month period, the net percent change held by insiders has seen a change of -19.54%. 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.