Insider Buying: Londa J. Dewey Acquires 4,000 Shares of Wausau Paper Corp. Stock (WPP)
Wausau Paper Corp. (NYSE:WPP) Director Londa J. Dewey purchased 4,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average cost of $8.89 per share, with a total value of $35,560.00. Following the transaction, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $80,010. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks downgraded shares of Wausau Paper Corp. from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $8.30 price target on the stock.
Shares of Wausau Paper Corp. (NYSE:WPP) traded up 2.19% during mid-day trading on Tuesday, hitting $8.86. 143,977 shares of the company’s stock traded hands. Wausau Paper Corp. has a 52 week low of $8.47 and a 52 week high of $14.04. The stock’s 50-day moving average is $10.05 and its 200-day moving average is $11.46. The company’s market cap is $442.7 million.
Wausau Paper Corp. (NYSE:WPP) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.04). The company had revenue of $89.21 million for the quarter, compared to the consensus estimate of $87.59 million. Analysts expect that Wausau Paper Corp. will post $-0.18 EPS for the current fiscal year.
Wausau Paper Corp. (NYSE:WPP) manufactures, converts, and sells paper and paper products.
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