Insider Buying: Michael C. Burandt Buys 3,000 Shares of Wausau Paper Corp. Stock (WPP)
Wausau Paper Corp. (NYSE:WPP) CEO Michael C. Burandt acquired 3,000 shares of Wausau Paper Corp. stock on the open market in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $8.66 per share, with a total value of $25,980.00. Following the purchase, the chief executive officer now directly owns 3,000 shares in the company, valued at approximately $25,980. The transaction was disclosed in a filing with the SEC, which is available at this link.
Wausau Paper Corp. (NYSE:WPP) traded up 3.58% on Tuesday, hitting $8.98. The stock had a trading volume of 298,578 shares. Wausau Paper Corp. has a 52 week low of $8.47 and a 52 week high of $14.04. The stock has a 50-day moving average of $10.05 and a 200-day moving average of $11.46. The company’s market cap is $448.7 million.
Wausau Paper Corp. (NYSE:WPP) last released its earnings data on Thursday, August 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the 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. On average, analysts predict that Wausau Paper Corp. will post $-0.18 earnings per share for the current fiscal year.
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.
Wausau Paper Corp. (NYSE:WPP) manufactures, converts, and sells paper and paper products.
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