Shares of Weyerhaeuser Co. WY, +0.09% inched 0.09% higher to $35.19 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.59% rising 0.59% to 3,959.90 and the Dow Jones Industrial Average DJIA, +0.15% rising 0.15% to 31,874.84. This was the stock’s second consecutive day of gains. Weyerhaeuser Co. closed $7.85 below its 52-week high ($43.04), which the company achieved on February 9th.
The stock underperformed when compared to some of its competitors Wednesday, as West Fraser Timber Co. Ltd. WFG, +6.02% rose 6.02% to $101.99, Canfor Corp. CFP, +1.73% rose 1.73% to $27.06, and PotlatchDeltic Corp. PCH, +1.70% rose 1.70% to $46.76. Trading volume (3.7 M) remained 1.3 million below its 50-day average volume of 4.9 M.