Westrock Company (WRK) : Traders are bullish on Westrock Company (WRK) as it has outperformed the S&P 500 by a wide margin of 3.54% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.83%, 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 0.88% in the last 1 week, and is up 4.61% 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 3.77% and the 50-Day Moving Average is 10.1%. Westrock Company (NYSE:WRK): On Fridays trading session , Opening price of the stock was $45.11 with an intraday high of $45.34. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $44.19. However, the stock managed to close at $44.47, a loss of 1.77% for the day. On the previous day, the stock had closed at $45.27. The total traded volume of the day was 1,466,428 shares.
The company Insiders own 2.41% of Westrock Company shares according to the proxy statements. Institutional Investors own 91.09% of Westrock Company shares. Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Westrock Company (NYSE:WRK). The rating major has initiated the coverage with equal-weight rating on the shares. The Analysts at Barclays raises the price target from $41 per share to $45 per share. The rating by the firm was issued on August 11, 2016.
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.