WRK Stock Summary and Trading Ideas (Westrock Company | NYSE:WRK)

WestRock manufactures corrugated packaging and consumer packaging, such as folding cartons and paperboard. After the merger of RockTenn and MeadWestvaco in fall 2015, WestRock became the largest North American producer of solid bleached sulfate and the second-largest producer of containerboard, which is used in the production of shipping containers.

Westrock Company trades on the NYSE stock market under the symbol WRK.

As of May 6, 2024, WRK stock price climbed to $51.19 with 204,633 million shares trading.

WRK has a beta of 0.69, meaning it tends to be less sensitive to market movements. WRK has a correlation of 0.08 to the broad based SPY ETF.

WRK has a market cap of $13.22 billion. This is considered a Large Cap stock.

Last quarter Westrock Company reported $5 billion in Revenue and $.39 earnings per share. This fell short of revenue expectation by $-23 million and exceeded earnings estimates by $.16.

In the last 3 years, WRK stock traded as high as $62.03 and as low as $26.84.

The top ETF exchange traded funds that WRK belongs to (by Net Assets): VTI, VB, VOO, VBR, DVY.

WRK has outperformed the market in the last year with a price return of +81.1% while the SPY ETF gained +27.8%. WRK has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +32.6% and +6.7%, respectively, while the SPY returned +4.4% and +3.9%, respectively.

WRK support price is $50.45 and resistance is $51.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WRK stock will trade within this expected range on the day.