Wausau Paper Corp. Director Buys $35,560 in Stock (WPP)
Wausau Paper Corp. (NYSE:WPP) Director Londa J. Dewey purchased 4,000 shares of the stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of $8.89 per share, for a total transaction 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 transaction 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.
Wausau Paper Corp. (NYSE:WPP) opened at 8.91 on Thursday. 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 $9.94 and its 200-day moving average is $11.39. The company’s market cap is $445.2 million.
Wausau Paper Corp. (NYSE:WPP) last released its earnings data on Thursday, August 7th. The company reported ($0.04) earnings per share for the quarter, meeting the analysts’ 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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