Weyerhaeuser Sees Unusually High Options Volume (WY)
Shares of Weyerhaeuser (NYSE:WY) were the target of some unusual options trading activity on Wednesday. Stock traders bought 59,763 call options on the stock, AnalystRatings.Net reports. This is an increase of 110% compared to the average volume of 28,525 call options.
In other Weyerhaeuser news, Insider Peter M. Orser sold 52,000 shares of Weyerhaeuser stock on the open market in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $31.30, for a total value of $1,627,600.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Weyerhaeuser in a research note on Friday, May 2nd. They now have a $31.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $32.83.
Weyerhaeuser (NYSE:WY) traded down 0.32% on Wednesday, hitting $31.14. The stock had a trading volume of 8,965,506 shares. Weyerhaeuser has a 1-year low of $26.38 and a 1-year high of $32.00. The stock’s 50-day moving average is $30.36 and its 200-day moving average is $30.05. The company has a market cap of $18.217 billion and a price-to-earnings ratio of 31.18.
Weyerhaeuser (NYSE:WY) last released its earnings data on Friday, April 25th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that Weyerhaeuser will post $1.40 earnings per share for the current fiscal year.
Weyerhaeuser Company, formerly Weyerhaeuser Timber Company is a forest products company. The Company is engaged in growing and harvesting trees, builds homes and making a range of forest products.
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