Smurfit WestRock Shares Plunge 3.10% to Record Low

Smurfit WestRock(SW) shares plummeted 3.10% today, marking the fourth consecutive day of decline, with a total drop of 18.85% over the past four days. The share price hit a record low today, with an intraday decline of 4.90%.

Citi analyst Anthony Pettinari reiterated a Buy rating for Smurfit WestRock with a price target of $49.00 on April 4. This positive outlook from Citi may have influenced investor sentiment favorably, contributing to the stock's recent volatility. However, the stock's performance has not aligned with the optimistic rating, suggesting that other factors may be at play.

Wells Fargo analyst Gabrial Hajde maintained a Hold rating on Smurfit WestRock with a price target of $43.00. This neutral stance from Wells Fargo could be impacting investor decisions to maintain or adjust their holdings, adding to the stock's recent downward trend. The contrasting views from Citi and Wells Fargo highlight the uncertainty surrounding Smurfit WestRock's future performance, which may be contributing to the stock's volatility.