Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. WillScot Mobile Mini Holdings Corp. shares valued at $85,498 were purchased by Soultz Bradley Lee on May 18. At $34.20 per share, Soultz Bradley Lee acquired 2,500 shares. The insider’s holdings grew to 419,971 shares worth approximately $13.76 million following the completion of this transaction.
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Also, Soultz Bradley Lee purchased 10,000 shares, netting a total of over 333,290 in proceeds. Following the buying of shares at $33.33 each, the insider now holds 417,471 shares.
Before that, Owen Rebecca L had added 5,250 shares to its account. In a trade valued at $201,285, the Director bought WillScot Mobile Mini Holdings Corp. shares for $38.34 each. Upon closing the transaction, the insider’s holdings increased to 5,250 shares, worth approximately $0.79 million.
As published in their initiating research note from Deutsche Bank on March 30, 2022, WillScot Mobile Mini Holdings Corp. [WSC] has been a Buy and the price target has been revised to $49. This represents a 33.14% premium over Thursday’s closing price. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early March. As of March 03, 2021, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for WSC.
Analyzing WSC’s Price Performance
On Thursday, WillScot Mobile Mini Holdings Corp. [NASDAQ: WSC] rose 1.30% to $32.76. The stock’s lowest price that day was $30.52, but it reached a high of $32.95 in the same session. During the last five days, there has been a drop of approximately -3.56%. Over the course of the year, WillScot Mobile Mini Holdings Corp. shares have dropped approximately -19.78%. Shares of the company reached a 52-week high of $42.00 on 01/05/22 and a 52-week low of $30.52 on 06/23/22. A 50-day SMA is recorded $35.28, while a 200-day SMA reached $36.23. Nevertheless, trading volume fell to 2.15 million shares from 2.63 million shares the previous day.
Support And Resistance Levels for WillScot Mobile Mini Holdings Corp. (WSC)
According to the 24-hour chart, there is a support level at 31.20, which, if violated, would cause prices to drop to 29.65. In the upper region, resistance lies at 33.63. The next price resistance is at 34.51. RSI (Relative Strength Index) is 41.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.02, which suggests the price will decrease in the coming days. Percent R is at 70.09%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is WillScot Mobile Mini Holdings Corp. subject to short interest?
Stocks of WillScot Mobile Mini Holdings Corp. saw a sharp rise in short interest on May 30, 2022 jumping by 3.63 million shares to 13.69 million. Data from Yahoo Finance shows that the short interest on Apr 28, 2022 was 10.06 million shares. A jump of 26.52% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.1 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.1.
Which companies own the most shares of WillScot Mobile Mini Holdings Corp. (WSC)?
According to The Vanguard Group, Inc. filings, the company currently owns 19,796,058 shares, which is about 8.90% of the total WSC shares outstanding. The investor’s shares have plunged by -6,223 from its previous 13-F filing of 19802281.0 shares. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $466,027,891. BlackRock Fund Advisors reduced a -1.75% interest valued at $426.75 million while ClearBridge Investments LLC purchased a 316,845 stake. A total of 199,225 shares of WillScot Mobile Mini Holdings Corp. were bought by Franklin Mutual Advisers LLC during the quarter, and -818,475 were sold by JPMorgan Investment Management, I. In its current portfolio, Dimensional Fund Advisors LP holds 5,399,577 shares valued at $192.93 million.
In terms of WillScot Mobile Mini Holdings Corp. share price expectations, FactSet research, analysts set an average price target of $47.00 in the next 12 months, up nearly 43.78% from the previous closing price of $32.34. Analysts anticipate WillScot Mobile Mini Holdings Corp. stock to reach $55.00 by 2022, with the lowest price target being $41.00. In spite of this, 11 analysts ranked WillScot Mobile Mini Holdings Corp. stock as a Buy at the end of 2022. On September 16, 2020, Berenberg assigned a price target of “a Buy” to the stock and initiated coverage with a $22.