Plum Creek Timber Co Rises On Unusually High Volume (PCL)
Plum Creek Timber Co Inc (NYSE:PCL) is trading at unusually high volume Tuesday with 4.8 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $1.30 (+3.7%).
NEW YORK ( TheStreet) -- Plum Creek Timber Co Inc (NYSE: PCL) is trading at unusually high volume Tuesday with 4.8 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $1.30 (+3.7%) at $36.18 as of 3:56 p.m. ET. Plum Creek Timber Co has a market cap of $5.9 billion and is part of the financial sector and real estate industry. Shares are down 6.9% year to date as of the close of trading on Monday. Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States. Its products include lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. The company has a P/E ratio of 34.4, above the average real estate industry P/E ratio of 34.1 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Plum Creek Timber Co as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Plum Creek Timber Co Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.