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Westrock Company WRK - News Analyzed: 2,234

↑ Investment Firms Adjust Positions in Westrock Company WRK Amid Mixed Market Performance and Deal with Smurfit Kappa

Investment Firms Adjust Positions in Westrock Company WRK Amid Mixed Market Performance and Deal with Smurfit Kappa
WestRock Company (WRK) has experienced significant activity from investment firms such as Water Island Capital LLC, CIBC Asset Management Inc and California State Teachers Retirement System adjusting their positions. There have been mixed reviews of the company's performance, with it underperforming compared to competitors on some days, while outperforming on others. ENGIE's Virtual Power Purchase Agreement (VPPA) Project with WestRock is now operational, marking an important achievement. The company's fiscal Q2 was a mixed bag with an EPS of $0.39, and strong free cash flow is noted from highly productive assets. WestRock's shares fluctuated, being both bought and sold by various entities on numerous occasions. The company experienced a 52-weeks high, driven by certain dynamics. Fiscal Q1 2024 results hint at market challenges while the Q2 fiscal 2024 earnings missed revenue estimates, reporting a modest profit. Share values have increased by 45% compared to the previous year. Finally, Smurfit Kappa agreed on an $11 billion deal with WestRock, potentially creating a leading packaging company. The EU antitrust regulator has also cleared the deal.

Westrock Company WRK News Analytics from Tue, 01 Aug 2023 07:00:00 GMT to Sun, 09 Jun 2024 14:08:03 GMT - Rating 6 - Innovation 2 - Information 6 - Rumor 1

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