WY Stock Summary and Trading Ideas (Weyerhaeuser Company | NYSE:WY)

Weyerhaeuser ranks among the world's largest forest product companies. Following the 2016 sale of its pulp business to International Paper, Weyerhaeuser operates three business segments: timberlands, wood products, and real estate. Weyerhaeuser is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities. Earnings from its wood products segment are subject to federal income tax. Weyerhaeuser acquired fellow timber REIT Plum Creek in 2016.

Weyerhaeuser Company trades on the NYSE stock market under the symbol WY.

As of April 25, 2024, WY stock price declined to $31.41 with 604,198 million shares trading.

WY has a beta of 1.37, meaning it tends to be more sensitive to market movements. WY has a correlation of 0.51 to the broad based SPY ETF.

WY has a market cap of $22.93 billion. This is considered a Large Cap stock.

Last quarter Weyerhaeuser Company reported $2 billion in Revenue and $.16 earnings per share. This fell short of revenue expectation by $-86 million and missed earnings estimates by -$.01.

In the last 3 years, WY stock traded as high as $43.04 and as low as $27.37.

The top ETF exchange traded funds that WY belongs to (by Net Assets): VNQ, VTI, VOO, VO, SPY.

WY has underperformed the market in the last year with a price return of +5.6% while the SPY ETF gained +23.1%. WY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.2% and -6.5%, respectively, while the SPY returned +3.6% and -2.5%, respectively.

WY support price is $31.11 and resistance is $31.97 (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 WY stock will trade within this expected range on the day.