Overall market sentiment has been down on Westrock Co (WRK) stock lately. WRK receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With WRK Stock Today?
Westrock Co (WRK) stock is trading at $35.71 as of 2:25 PM on Friday, Sep 25, a gain of $2.66, or 8.05% from the previous closing price of $33.05. The stock has traded between $32.58 and $35.78 so far today. Volume today is 3,301,331 compared to average volume of 2,763,879.
To see the top 5 stocks in the Packaging & Containers industry click here.
More About Westrock Co
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.
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