Weyerhaeuser Co. (NYSE:WY) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -0.81% to 30.78 with about 311440 shares have changed hands in this session. Weyerhaeuser Co. (WY) reported on Wednesday that an contract to sell its printing papers business North Pacific Paper Co. or NORPAC to One Rock Capital Partners, LLC. Terms of the transaction were not revealed. The transaction comprises the printing papers mill located in Longview, Washington.
Weyerhaeuser has operated the business through a joint venture with Nippon Paper Industries Co., Ltd. The firm stated the NORPAC business will continue to operate independently of One Rock until the transaction closes. Weyerhaeuser stated it expects to use a substantial portion of the following-tax proceeds from the transaction for the repayment of debt. The stock is going forward its fifty-two week low with 43.98% and lagging behind from its 52-week high price with -6.27%.
Same, the positive performance for the quarter recorded as 4.02% and for the year was 15.68%, while the YTD performance remained at 6.77%. WY has Average True Range for 14 days of 0.68.
Nokia Corporation (NYSE:NOK) [Trend Analysis] retains strong position in active trade, as shares scoring -0.87% to $5.73 in a active trade session, while looking at the shares volume, about 1.68 Million shares have changed hands in this session. Nokia (NOK) stated that it has takeoverd Eta Devices, a US-based start-up specializing in power amplifier efficiency solutions for base stations, access points and devices. Eta Devices will bolster Nokia’s push to enhance base station energy efficiency, an increasingly important area for operators on the path to 4.9G and 5G.
Eta Devices is a private start-up firm founded in 2010. The firm is headquartered in Cambridge, MA with an R&D office in Stockholm, Sweden, and it employs about 20 people. The acquisition comprises fixed assets, employees, intellectual property rights as well as lease and supplier contracts. The firm has institutional ownership of 4.40%. NOK attains analyst recommendation of 2.10 with week’s performance of 1.23%. Investors looking additional ahead will note that the Price to next year’s EPS is 58.62%.