Wabtec Stock Underperforms Friday When Compared To Competitors

Westrock Co

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WRK Westrock Co

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Materials : Containers & Packaging | Mid Cap Value

Company profile

WestRock Company is a multinational provider of fiber-based paper and packaging solutions. The Company operates through two segments: Corrugated Packaging and d Consumer Packaging. The Corrugated Packaging segment consists of its containerboard mills, corrugated packaging and distribution operations, as well as its merchandising displays and recycling procurement operations. The Consumer Packaging segment consists of its consumer mills, food and beverage and partition operations. It integrates producers of liner board and corrugating medium (containerboard), corrugated products and specialty papers, including kraft papers and saturating kraft in North America. The Company has integrated corrugated operations in North America, Brazil and India. Its Brazil operations own and operate forestlands that provide virgin fiber to its mill in Brazil. The Company support customers around the world from locations spanning North America, South America, Europe, Asia and Australia.

Wabtec Stock Underperforms Friday When Compared To Competitors

5:30 pm ET December 3, 2021 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Wabtec (WAB) slid 2.25% to $88.45 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.84% to 4,538.43 and Dow Jones Industrial Average falling 0.17% to 34,580.08. Wabtec closed $9.26 below its 52-week high ($97.71), which the company achieved on November 10th.

The stock underperformed when compared to some of its competitors Friday, as Trinity Industries Inc. (TRN) fell 0.61% to $26.24 and Greenbrier Cos. Inc. (GBX) rose 0.88% to $41.07. Trading volume (984,484) eclipsed its 50-day average volume of 883,195.

Data source: Dow Jones Market Data, FactSet. Data compiled December 3, 2021.

-MarketWatch Automation

(END) Dow Jones Newswires

December 03, 2021 17:30 ET (22:30 GMT)