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 $5,386,330 were sold by Olsson Erik on Aug 17. At $42.53 per share, Olsson Erik sold 126,646 shares. The insider’s holdings dropped to 631,938 shares worth approximately $26.23 million following the completion of this transaction.
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Also, Olsson Erik sold 126,647 shares, netting a total of over 5,499,950 in proceeds. Following the sale of shares at $43.43 each, the insider now holds 631,938 shares.
Before that, Olsson Erik had sold 126,647 shares from its account. In a trade valued at $5,497,430, the Director traded WillScot Mobile Mini Holdings Corp. shares for $43.41 each. Upon closing the transaction, the insider’s holdings decreased to 126,647 shares, worth approximately $26.23 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 15.29% 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] plunged -1.40% to $41.51. The stock’s lowest price that day was $41.16, but it reached a high of $42.52 in the same session. During the last five days, there has been a drop of approximately -1.82%. Over the course of the year, WillScot Mobile Mini Holdings Corp. shares have jumped approximately 1.64%. Shares of the company reached a 52-week high of $43.71 on 08/15/22 and a 52-week low of $30.52 on 06/23/22. A 50-day SMA is recorded $39.99, while a 200-day SMA reached $37.52. Nevertheless, trading volume fell to 2.45 million shares from 1.7 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 40.94, which, if violated, would cause prices to drop to 40.37. In the upper region, resistance lies at 42.30. The next price resistance is at 43.09. RSI (Relative Strength Index) is 51.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.12, which suggests the price will decrease in the coming days. Percent R is at 46.99%, indicating low 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 steep in short interest on Jul 14, 2022 dropping by -2.91 million shares to 9.75 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.66 million shares. A decline of -29.85% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.87 of the overall float, the days-to-cover ratio (short ratio) decline to 2.87.
Which companies own the most shares of WillScot Mobile Mini Holdings Corp. (WSC)?
According to The Vanguard Group, Inc. filings, the company currently owns 19,432,592 shares, which is about 9.09% of the total WSC shares outstanding. The investor’s shares have plunged by -363,466 from its previous 13-F filing of 19796058.0 shares. With the completion of the sale transaction, Fidelity Management & Research Co’s stake is now worth $452,058,446. Wellington Management Co. LLP acquire a 269.81% interest valued at $335.0 million while BlackRock Fund Advisors sold a -3,782,964 stake. A total of -82,531 shares of WillScot Mobile Mini Holdings Corp. were sold by ClearBridge Investments LLC during the quarter, and -773,326 were sold by Franklin Mutual Advisers LLC. In its current portfolio, JPMorgan Investment Management, I holds 5,181,984 shares valued at $208.0 million.
In terms of WillScot Mobile Mini Holdings Corp. share price expectations, FactSet research, analysts set an average price target of $49.82 in the next 12 months, up nearly 18.76% from the previous closing price of $42.10. Analysts anticipate WillScot Mobile Mini Holdings Corp. stock to reach $57.00 by 2022, with the lowest price target being $45.00. In spite of this, 10 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.