Weyerhaeuser Company (WY) Moves Higher on Volume Spike for December 26

Equities Staff  |

Weyerhaeuser Company (WY) traded on unusually high volume on Dec. 26, as the stock gained 1.18% to close at $21.35. On the day, Weyerhaeuser Company saw 12.92 million shares trade hands on 61,562 trades. Considering that the stock averages only a daily volume of 5.9 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $38.39 and $20.96 over the last 52-weeks, its 50-day SMA is now $26.30, and its 200-day SMA $32.44. Weyerhaeuser Company has a P/B ratio of 1.77. It also has a P/E ratio of 14.4.

Weyerhaeuser ranks among the world's largest forest product companies. Following the 2016 sale of its pulp business to International Paper, Weyerhaeuser operates three business segments: timberlands, wood products, and real estate. Weyerhaeuser is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities. Earnings from its wood products segment are subject to federal income tax. Weyerhaeuser acquired fellow timber REIT Plum Creek in 2016.

Headquartered in Seattle, WA, Weyerhaeuser Company has 9,300 employees and is currently under the leadership of CEO Doyle R. Simons.

For a complete fundamental analysis analysis of Weyerhaeuser Company, check out Equities.com’s Stock Valuation Analysis report for WY.

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To get more information on Weyerhaeuser Company and to follow the company’s latest updates, you can visit the company’s profile page here: WY’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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