Wingstop Inc’s filing revealed that its SVP & Chief US Franchise Ops Carona Marisa unloaded Company’s shares for reported $0.96 million on Mar 08 ’24. In the deal valued at $371.96 per share,2,586 shares were sold. As a result of this transaction, Carona Marisa now holds 1,646 shares worth roughly $0.58 million.
Then, Skipworth Michael sold 10,843 shares, generating $3,658,438 in total proceeds. Upon selling the shares at $337.40, the President and CEO now owns 17,107 shares.
Before that, Madati Kilandigalu sold 1,472 shares. Wingstop Inc shares valued at $500,281 were divested by the Director at a price of $339.87 per share. As a result of the transaction, Madati Kilandigalu now holds 5,450 shares, worth roughly $1.93 million.
Bernstein initiated its Wingstop Inc [WING] rating to an Outperform in a research note published on February 14, 2024; the price target was $340. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. Northcoast also remained covering WING and has decreased its forecast on November 20, 2023 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities started covering the stock on October 05, 2023. It rated WING as “a Buy”.
Price Performance Review of WING
On Tuesday, Wingstop Inc [NASDAQ:WING] saw its stock fall -2.48% to $354.32. Over the last five days, the stock has lost -1.54%. Wingstop Inc shares have risen nearly 38.09% since the year began. Nevertheless, the stocks have risen 96.70% over the past one year. While a 52-week high of $379.00 was reached on 04/04/24, a 52-week low of $150.08 was recorded on 01/04/24. SMA at 50 days reached $334.55, while 200 days put it at $235.81. A total of 0.58 million shares were traded, compared to the trading of 0.59 million shares in the previous session.
Levels Of Support And Resistance For WING Stock
The 24-hour chart illustrates a support level at 344.16, which if violated will result in even more drops to 334.00. On the upside, there is a resistance level at 363.74. A further resistance level may holdings at 373.16. The Relative Strength Index (RSI) on the 14-day chart is 51.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.85%. Stochastics %K at 52.41% indicates the stock is a holding.
How much short interest is there in Wingstop Inc?
A steep rise in short interest was recorded in Wingstop Inc stocks on Mar 15, 2024, growing by 0.25 million shares to a total of 1.67 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.42 million shares. There was a rise of 14.97%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.48% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.57.
