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Updated · MarketWatch · Apr 30Weyerhaeuser stock rises and outperforms competitors
4 articles · Updated · MarketWatch · Apr 30
- Shares gained 1.11% to $24.52 on Thursday, while the S&P 500 rose 1.02% and the Dow Jones added 1.62%.
- The advance ended a three-day losing streak and came as rival International Paper fell 9.41% to $30.42.
- Weyerhaeuser closed 11.99% below its 52-week high of $27.86, and trading volume of 8.3 million topped its 50-day average of 5.2 million.
With Weyerhaeuser betting on a market rebound and IP restructuring, which giant holds the better strategy for long-term growth? Weyerhaeuser’s earnings were boosted by one-time gains. Is its core business strong enough for the predicted lumber market recovery? As U.S.-Canada lumber tariffs are set to decrease, will this finally lower construction costs or just boost producer profits?