Westrock Company (WRK) traded on unusually high volume on Oct. 05, as the stock lost 2% to close at $50.56. On the day, Westrock Company saw 2.61 million shares trade hands on 16,552 trades. Considering that the stock averages only a daily volume of 1.58 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $71.55 and $50.90 over the last 52-weeks, its 50-day SMA is now $55.22, and its 200-day SMA $60.36. Westrock Company has a P/B ratio of 1.13. It also has a P/E ratio of 7.3.
WestRock Co provides paper and packaging solutions in consumer and corrugated markets. The Company offers corrugated container, paperboard, partitions and protective packaging, containerboard and beverage multipacks.
Headquartered in Atlanta, GA, Westrock Company has 44,800 employees and is currently under the leadership of CEO .