Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Williams-Sonoma, Inc. shares valued at $5,490,638 were sold by Benson Marta on Apr 04 ’24. At $308.19 per share, Benson Marta sold 17,816 shares. The insider’s holdings dropped to 68,597 shares worth approximately $20.2 million following the completion of this transaction.
Also, Benson Marta sold 2,184 shares, netting a total of over 685,722 in proceeds. Following the sale of shares at $313.98 each, the insider now holds 48,364 shares.
Before that, Smith Karalyn had sold 1,145 shares from its account. In a trade valued at $330,974, the EVP CHIEF TALENT OFFICER traded Williams-Sonoma, Inc. shares for $289.06 each. Upon closing the transaction, the insider’s holdings decreased to 1,145 shares, worth approximately $2.05 million.
As published in a research note from Telsey Advisory Group on March 25, 2024, Williams-Sonoma, Inc. [WSM] has been retained to an Outperform and the price target has been revised to $340. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid March. As of March 14, 2024, Goldman has increased its “Sell” rating to a “Neutral” for WSM. Earlier on March 14, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for WSM stock.
Analyzing WSM Stock Performance
During the last five days, there has been a drop of approximately -3.89%. Over the course of the year, Williams-Sonoma, Inc. shares have jumped approximately 45.94%. Shares of the company reached a 52-week high of $319.78 on 04/01/24 and a 52-week low of $191.53 on 02/01/24. A 50-day SMA is recorded $257.14, while a 200-day SMA reached $185.01. Nevertheless, trading volume fell to 0.86 million shares from 1.31 million shares the previous day.
Support And Resistance Levels for Williams-Sonoma, Inc. (WSM)
According to the 24-hour chart, there is a support level at 291.82, which, if violated, would cause prices to drop to 289.18. In the upper region, resistance lies at 297.69. The next price resistance is at 300.92. RSI (Relative Strength Index) is 55.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.58, which suggests the price will decrease in the coming days. Percent R is at 90.30%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Williams-Sonoma, Inc. subject to short interest?
Stocks of Williams-Sonoma, Inc. saw a sharp steep in short interest on Mar 28, 2024 dropping by -0.79 million shares to 6.09 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 6.88 million shares. A decline of -12.97% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.78 of the overall float, the days-to-cover ratio (short ratio) decline to 3.78.
