Taking a look at what insiders are doing to gauge the Warner Music Group Corp. (WMG)’s direction

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Warner Music Group Corp. shares valued at $382,500 were sold by Benet Lincoln E on Mar 30. At $38.25 per share, Benet Lincoln E sold 10,000 shares. The insider’s holdings dropped to 434,341 shares worth approximately $11.16 million following the completion of this transaction.


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Also, Benet Lincoln E sold 10,000 shares, netting a total of over 379,700 in proceeds. Following the sale of shares at $37.97 each, the insider now holds 444,341 shares.

Before that, Benet Lincoln E had sold 10,000 shares from its account. In a trade valued at $332,000, the Director traded Warner Music Group Corp. shares for $33.20 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $11.68 million.

As published in a research note from Redburn on April 25, 2022, Warner Music Group Corp. [WMG] has been rated down from a Neutral to a Sell. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of January 04, 2022, Jefferies has increased its “Hold” rating to a “Buy” for WMG. Earlier on December 13, 2021, Redburn upgraded its rating. Their new recommendation was “a Buy” for WMG stock which previously was a “a Sell”.

Analyzing WMG’s Price Performance

The stock’s lowest price that day was $25.32, but it reached a high of $26.73 in the same session. During the last five days, there has been a drop of approximately -7.05%. Over the course of the year, Warner Music Group Corp. shares have dropped approximately -40.48%. Shares of the company reached a 52-week high of $44.64 on 02/02/22 and a 52-week low of $23.74 on 06/30/22. A 50-day SMA is recorded $28.34, while a 200-day SMA reached $32.98. Nevertheless, trading volume fell to 2.57 million shares from 1.46 million shares the previous day.

Support And Resistance Levels for Warner Music Group Corp. (WMG)

According to the 24-hour chart, there is a support level at 25.10, which, if violated, would cause prices to drop to 24.51. In the upper region, resistance lies at 26.51. The next price resistance is at 27.33. RSI (Relative Strength Index) is 34.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.10, which suggests the price will decrease in the coming days. Percent R is at 86.81%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Warner Music Group Corp. subject to short interest?

Stocks of Warner Music Group Corp. saw a sharp rise in short interest on Jul 14, 2022 jumping by 80000.0 shares to 3.56 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.48 million shares. A jump of 2.25% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.4 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.4.

Which companies own the most shares of Warner Music Group Corp. (WMG)?

According to Fidelity Management & Research Co filings, the company currently owns 15,591,133 shares, which is about 11.36% of the total WMG shares outstanding. The investor’s shares have plunged by -2,675,851 from its previous 13-F filing of 18266984.0 shares. With the completion of the sale transaction, Sands Capital Management LLC’s stake is now worth $311,582,455. The Vanguard Group, Inc. acquire a 1.20% interest valued at $272.58 million while Caledonia purchased a 54,463 stake. A total of 1,348,698 shares of Warner Music Group Corp. were bought by Darlington Partners Capital Manag during the quarter, and 4,037,591 were bought by Capital Research & Management Co. In its current portfolio, Darsana Capital Partners LP holds 4,500,000 shares valued at $120.47 million.

In terms of Warner Music Group Corp. share price expectations, FactSet research, analysts set an average price target of $33.80 in the next 12 months, up nearly 32.3% from the previous closing price of $25.70. Analysts anticipate Warner Music Group Corp. stock to reach $43.00 by 2022, with the lowest price target being $26.00. In spite of this, 17 analysts ranked Warner Music Group Corp. stock as an Overweight at the end of 2022. On November 16, 2021, BofA Securities assigned a price target of “an Underperform” to the stock and downgraded coverage with a $42.

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