Westrock Company (WRK) has risen sharply, recording gains of 9.88% in the past 4 weeks. However, the stock has corrected -0.51% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.31% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.96% and the 50-Day Moving Average is 7.79%. WestRock Company is up 3.5% in the last 3-month period. Year-to-Date the stock performance stands at -3.95%.
Westrock Company (NYSE:WRK): stock turned positive on Friday. Though the stock opened at $42.46, the bulls momentum made the stock top out at $42.96 level for the day. The stock recorded a low of $42.16 and closed the trading day at $42.91, in the green by 0.33%. The total traded volume for the day was 2,359,472. The stock had closed at $42.77 in the previous days trading.
Also, Brokerage firm Citigroup maintains its rating on Westrock Company (NYSE:WRK). As per the latest information, the brokerage house raises the price target to $46 per share from a prior target of $43.3. The shares have been rated Buy. The rating by the firm was issued on June 13, 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.