Whirlpool Corporation’s filing revealed that its CHAIRMAN AND CEO Bitzer Marc R unloaded Company’s shares for reported $2.86 million on Jul 28. In the deal valued at $143.18 per share,20,000 shares were sold. As a result of this transaction, Bitzer Marc R now holds 138,583 shares worth roughly $ 19.08 million.
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Then, Peters James W sold 6,000 shares, generating $858,720 in total proceeds. Upon selling the shares at $143.12, the EXEC VICE PRESIDENT AND CFO now owns 40,764 shares.
Before that, Puente Juan Carlos sold 420 shares. Whirlpool Corporation shares valued at $56,347 were divested by the EVP & PRES. WHIRLPOOL LAR at a price of $134.16 per share. As a result of the transaction, Puente Juan Carlos now holds 17,699 shares, worth roughly $2.44 million.
Goldman upgraded its Whirlpool Corporation [WHR] rating to a Buy from a a Neutral in a research note published on Tuesday, April 11, 2023; the price target was decreased to $160 from $170. PT values the company’s stock at a premium of 13.96 to its Tuesday closing price.
Price Performance Review of WHR
On Tuesday, Whirlpool Corporation [NYSE:WHR] saw its stock fall -3.02% to $137.66. On the same session, the stock had its day’s lowest price of $137.12, but rose to a high of $141.625. Over the last five days, the stock has gained 0.85%. Whirlpool Corporation shares have fallen nearly -2.69% since the year began. Nevertheless, the stocks have fallen -11.28% over the past one year. While a 52-week high of $163.15 was reached on 02/02/23, a 52-week low of $124.10 was recorded on 03/24/23. SMA at 50 days reached $144.11, while 200 days put it at $141.43. A total of 0.63 million shares were traded, compared to the trading of 0.56 million shares in the previous session.
Levels Of Support And Resistance For WHR Stock
The 24-hour chart illustrates a support level at 135.98, which if violated will result in even more drops to 134.30. On the upside, there is a resistance level at 140.48. A further resistance level may holdings at 143.31. The Relative Strength Index (RSI) on the 14-day chart is 46.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 49.24%. Stochastics %K at 79.74% indicates the stock is a holding.
How much short interest is there in Whirlpool Corporation?
A steep rise in short interest was recorded in Whirlpool Corporation stocks on Aug 14, 2023, growing by 0.46 million shares to a total of 5.2 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.74 million shares. There was a rise of 8.85%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.22% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.13.
According to FactSet, Whirlpool Corporation’s share price will average $145.36 in the next year, based on opinions of analysts polled by the firm. This is down nearly -0.32 percent from its previous closing price of $141.95. Analysts expect Whirlpool Corporation stock to reach the higher price of $220.00, while the lowest price estimate is $87.00. However, 10 analysts have rated WHR stock as a Hold in their predictions for 2023.