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 $3,562,612 were sold by SAGANSKY JEFFREY on Mar 08 ’24. At $47.50 per share, SAGANSKY JEFFREY sold 75,000 shares. The insider’s holdings dropped to 2,420,905 shares worth approximately $100.69 million following the completion of this transaction.
Also, Soultz Bradley Lee purchased 5,000 shares, netting a total of over 238,788 in proceeds. Following the buying of shares at $47.76 each, the insider now holds 13,869 shares.
Before that, Soultz Bradley Lee had added 5,000 shares to its account. In a trade valued at $179,154, the Chief Executive Officer bought WillScot Mobile Mini Holdings Corp shares for $35.83 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $1.81 million.
As published in a research note from Jefferies on April 01, 2024, WillScot Mobile Mini Holdings Corp [WSC] has been rated down from a Buy to a Hold and the price target has been revised to $42 from $58. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in early January. As of October 11, 2023, Wells Fargo has initiated its “an Overweight” rating for WSC. Earlier on February 08, 2023, William Blair initiated its rating. Their recommendation was “an Outperform” for WSC stock.
Analyzing WSC Stock Performance
During the last five days, there has been a drop of approximately -5.65%. Over the course of the year, WillScot Mobile Mini Holdings Corp shares have dropped approximately -6.54%. Shares of the company reached a 52-week high of $52.16 on 02/12/24 and a 52-week low of $41.45 on 01/16/24. A 50-day SMA is recorded $47.13, while a 200-day SMA reached $43.68. Nevertheless, trading volume fell to 1.39 million shares from 1.49 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 41.34, which, if violated, would cause prices to drop to 41.08. In the upper region, resistance lies at 42.06. The next price resistance is at 42.52. RSI (Relative Strength Index) is 26.33 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.08, which suggests the price will decrease in the coming days. Percent R is at 99.28%, indicating bearish price movement. Stochastics %K at buying 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 rise in short interest on Mar 15, 2024 jumping by 2.48 million shares to 13.7 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 11.22 million shares. A jump of 18.1% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 7.13 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.13.
