Recent Insider Activity Could Benefit Williams-Sonoma Inc. (WSM)


Williams-Sonoma Inc.’s filing revealed that its CEO POTTERY BARN BRANDS Benson Marta unloaded Company’s shares for reported $1.41 million on Aug 28. In the deal valued at $140.68 per share,10,000 shares were sold. As a result of this transaction, Benson Marta now holds 54,238 shares worth roughly $ 7.81 million.

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Then, Smith Karalyn sold 1,533 shares, generating $201,804 in total proceeds. Upon selling the shares at $131.64, the EVP CHIEF TALENT OFFICER now owns 9,185 shares.

Before that, Benson Marta sold 10,000 shares. Williams-Sonoma Inc. shares valued at $1,148,790 were divested by the PRESIDENT POTTERY BARN BRAND at a price of $114.88 per share. As a result of the transaction, Benson Marta now holds 33,477 shares, worth roughly $4.82 million.

BofA Securities upgraded its Williams-Sonoma Inc. [WSM] rating to a Neutral from a an Underperform in a research note published on Tuesday, August 24, 2023; the price target was increased to $146 from $108. PT values the company’s stock at a premium of 1.4 to its Tuesday closing price.

Price Performance Review of WSM

On Tuesday, Williams-Sonoma Inc. [NYSE:WSM] saw its stock fall -0.37% to $143.96. On the same session, the stock had its day’s lowest price of $141.63, but rose to a high of $144.80. Over the last five days, the stock has gained 1.48%. Williams-Sonoma Inc. shares have risen nearly 25.27% since the year began. Nevertheless, the stocks have fallen -2.01% over the past one year. While a 52-week high of $154.83 was reached on 08/24/23, a 52-week low of $109.22 was recorded on 05/26/23. SMA at 50 days reached $133.41, while 200 days put it at $124.13. A total of 1.06 million shares were traded, compared to the trading of 0.59 million shares in the previous session.

Levels Of Support And Resistance For WSM Stock

The 24-hour chart illustrates a support level at 142.13, which if violated will result in even more drops to 140.29. On the upside, there is a resistance level at 145.30. A further resistance level may holdings at 146.63. The Relative Strength Index (RSI) on the 14-day chart is 61.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.88%. Stochastics %K at 90.77% indicates the stock is a selling.

How much short interest is there in Williams-Sonoma Inc.?

A steep rise in short interest was recorded in Williams-Sonoma Inc. stocks on Aug 14, 2023, dropping by -0.47 million shares to a total of 7.56 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 8.03 million shares. There was a decline of -6.22%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 15.46% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.82.

Williams-Sonoma Inc. [WSM] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 7,630,331 shares, or roughly 11.88% of the outstanding WSM shares. In other words, the investor’s shares have fallen by -194,840 from its previous 13-F filing of 7825171.0. Additionally, Fidelity Management & Research Co increased 16.71% of its stake after which the total value it holdings stand at $1,030,104,489, while BlackRock Fund Advisors reduced -4.62% of its stake to hold $734.96 million in the firm. Over the last quarter, Aristotle Capital Management LLC sold -13,260 shares of Williams-Sonoma Inc., while Blackhill Capital, Inc. sold -700 shares. At present, Capital Research & Management Co is holding 3,333,539 shares valued at $462.16 million. SSgA Funds Management, Inc. owned 2,269,096 shares of the company at the time of its most recent 13F filing, worth $314.59 million.


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