In yesterday’s Wall Street session, WestRock Co (NYSE:WRK) shares traded at $51.70, down -0.21% from the previous session.
WRK stock price is now 7.56% away from the 50-day moving average and 28.04% away from the 200-day moving average. The market capitalization of the company currently stands at $13.35B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
, while ‘Argus’ rates the stock as ‘Buy’
In other news, Singleton Denise R, EVP, General Counsel & Sec. sold 9,700 shares of the company’s stock on May 03 ’24. The stock was sold for $499,162 at an average price of $51.46. Upon completion of the transaction, the EVP, General Counsel & Sec. now directly owns 74,946 shares in the company, valued at $3.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03 ’24, President, Global Paper O’Neal John L sold 6,965 shares of the business’s stock. A total of $358,489 was realized by selling the stock at an average price of $51.47. This leaves the insider owning 60,491 shares of the company worth $3.13 million. A total of 0.71% of the company’s stock is owned by insiders.
During the past 12 months, WestRock Co has had a low of $26.85 and a high of $52.07. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 1.34, and a quick ratio of 0.85.
The net profit margin was 1.57% and return on equity was 3.09% for WRK. The company reported revenue of $4.73 billion for the quarter, compared to $5.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.44 percent.
WestRock Co(WRK) Company Profile
WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through four segments: Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers. It also provides structural and graphic design, engineering services and custom, and proprietary and standard automated packaging machines; turn-key installation, automation, line integration, and packaging solutions; machinery solution that creates pouches; and pack temporary displays, as well as lithographic laminated packaging products. The Consumer Packaging segment manufactures and sells folding cartons that are used to package food, paper, beverages, dairy products, confectionery, health and beauty, and other household consumer products, as well as express mail packages for the overnight courier industry. It also offers inserts and labels, as well as rigid packaging and other printed packaging products, such as transaction cards, brochures, product literature, marketing materials, and grower tags, and plant stakes; and paperboard packaging for over-the-counter and prescription drugs. In addition, this segment manufactures and sells solid fiber and corrugated partitions, and die-cut paperboard components. The Global Paper segment manufactures containerboard, paperboard, and specialty grades primarily to corrugated packaging, folding carton, food service, liquid packaging, tobacco, and commercial print markets. The Distribution segment distributes corrugated packaging materials and other specialty packaging products, including stretch films, void fills, carton sealing tapes, and other specialty tapes; and provides contract packing services. The company is based in Atlanta, Georgia.
