In yesterday’s Wall Street session, Weyerhaeuser Co. (NYSE:WY) shares traded at $31.72, up 2.72% from the previous session.
WY stock price is now -1.24% away from the 50-day moving average and -0.18% away from the 200-day moving average. The market capitalization of the company currently stands at $23.05B.
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
On July 10, 2023, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $34 to quote $38, while ‘DA Davidson’ rates the stock as ‘Buy’
In other news, O’Rourke James Calvin, Director bought 7,800 shares of the company’s stock on Sep 13 ’24. The stock was bought for $249,676 at an average price of $32.01. Upon completion of the transaction, the Director now directly owns 17,672 shares in the company, valued at $0.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 27 ’24, Director Williams Kim sold 12,000 shares of the business’s stock. A total of $369,252 was realized by selling the stock at an average price of $30.77. This leaves the insider owning 46,729 shares of the company worth $1.48 million. A total of 0.38% of the company’s stock is owned by insiders.
During the past 12 months, Weyerhaeuser Co. has had a low of $26.73 and a high of $36.27. The fifty day moving average price for WY is $32.119 and a two-hundred day moving average price translates $31.79345 for the stock.
The latest earnings results from Weyerhaeuser Co. (NYSE: WY) was released for 2024-09-30. The net profit margin was 7.43% and return on equity was 5.30% for WY. The company reported revenue of $1.68 billion for the quarter, compared to $2.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.86 percent.
