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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With WRK Stock Today?
WestRock Co (WRK) stock is trading at $42.06 as of 11:24 AM on Friday, Dec 1, a rise of $0.90, or 2.17% from the previous closing price of $41.17. The stock has traded between $41.17 and $42.14 so far today. Volume today is below average. So far 840,424 shares have traded compared to average volume of 2,451,270 shares.
More About WestRock Co
WestRock Co manufactures corrugated packaging and consumer packagings 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. The company derives a majority of its revenue from Corrugated Packaging.
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