In a filing, Williams-Sonoma, Inc. revealed its CEO POTTERY BARN BRANDS Benson Marta unloaded Company’s shares for reported $5.49 million on Apr 04 ’24. In the deal valued at $308.19 per share,17,816 shares were sold. As a result of this transaction, Benson Marta now holds 68,597 shares worth roughly $21.15 million.
Then, Benson Marta sold 2,184 shares, generating $685,722 in total proceeds. Upon selling the shares at $313.98, the CEO POTTERY BARN BRANDS now owns 48,364 shares.
Before that, Smith Karalyn sold 1,145 shares. Williams-Sonoma, Inc. shares valued at $330,974 were divested by the EVP CHIEF TALENT OFFICER at a price of $289.06 per share. As a result of the transaction, Smith Karalyn now holds 6,966 shares, worth roughly $2.15 million.
Telsey Advisory Group reiterated its Williams-Sonoma, Inc. [WSM] rating to an Outperform in a research note published on March 25, 2024; the price target was $340. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid March from “an Underweight” to “an Equal-weight”. Goldman also remained covering WSM and has increased its forecast on March 14, 2024 with a “Neutral” recommendation from previously “Sell” rating. Telsey Advisory Group maintained its rating on March 14, 2024. It rated WSM as “an Outperform”.
Price Performance Review of WSM
On Monday, Williams-Sonoma, Inc. [NYSE:WSM] saw its stock fall -0.37% to $308.25. Over the last five days, the stock has lost -2.12%. Williams-Sonoma, Inc. shares have risen nearly 52.77% since the year began. Nevertheless, the stocks have risen 161.58% over the past one year. While a 52-week high of $319.78 was reached on 04/01/24, a 52-week low of $109.44 was recorded on 02/01/24. SMA at 50 days reached $251.42, while 200 days put it at $182.35. A total of 0.7 million shares were traded, compared to the trading of 83624.0 shares in the previous session.
Levels Of Support And Resistance For WSM Stock
The 24-hour chart illustrates a support level at 306.63, which if violated will result in even more drops to 305.00. On the upside, there is a resistance level at 310.92. A further resistance level may holdings at 313.59. The Relative Strength Index (RSI) on the 14-day chart is 70.45, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.28%. Stochastics %K at 69.06% indicates the stock is a holding.
How much short interest is there in Williams-Sonoma, Inc.?
A steep rise in short interest was recorded in Williams-Sonoma, Inc. stocks on Mar 15, 2024, dropping by -0.89 million shares to a total of 6.2 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 7.09 million shares. There was a decline of -14.35%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 12.69% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.02.
The most recent change occurred on March 11, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $265.
