Weyerhaeuser Shares Plunge 2.59% Amid Tariff Uncertainties
1min read Weyerhaeuser (WY) shares fell 2.59% today, marking the fourth consecutive day of decline, with a total drop of 15.81% over the past four days. The share price hit its lowest level since July 2020, with an intraday decline of 3.85%.
Despite a bullish trend in lumber futures, Weyerhaeuser's shares did not follow suit, indicating a potential market correction due to tariff uncertainties. This suggests that external factors, such as tariffs, may be negatively influencing the stock price, despite positive trends in related markets.
Corebridge Financial Inc. reduced its position in Weyerhaeuser shares by 4.7% in the fourth quarter. This decrease in institutional investment could have contributed to the downward pressure on the stock price, reflecting a shift in investment strategies that may not favor Weyerhaeuser at the moment.
While International Paper Co. stock outperformed some competitors, Weyerhaeuser Co. experienced a relative underperformance, falling by 2.97%. This disparity could indicate company-specific challenges or broader market conditions that are negatively affecting Weyerhaeuser's stock price.
