Wabtec Stock Outperforms Market On Strong Trading Day

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 Outperforms Market On Strong Trading Day

5:31 pm ET January 14, 2022 (MarketWatch) Print

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

Shares of Wabtec (WAB) rallied 2.36% to $95.70 Friday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.08% to 4,662.85 and the Dow Jones Industrial Average falling 0.56% to 35,911.81. This was the stock's second consecutive day of gains. Wabtec closed $3.47 below its 52-week high ($99.17), which the company achieved on January 5th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Trinity Industries Inc. (TRN) rose 0.69% to $30.85 and Greenbrier Cos. Inc. (GBX) rose 4.75% to $43.22. Trading volume (1.0 M) eclipsed its 50-day average volume of 872,599.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 14, 2022.

-MarketWatch Automation

(END) Dow Jones Newswires

January 14, 2022 17:31 ET (22:31 GMT)