Wabash National Corp.’s recently made public that its Director Sudhanshu Priyadarshi unloaded Company’s shares for reported $27331.0 on Feb 27 ’24. In the deal valued at $27.06 per share,1,010 shares were sold. As a result of this transaction, Sudhanshu Priyadarshi now holds 6,386 shares worth roughly $0.17 million.
Then, Magee Larry J sold 17,897 shares, generating $461,743 in total proceeds. Upon selling the shares at $25.80, the Director now owns 96,249 shares.
Before that, Magee Larry J sold 3,086 shares. Wabash National Corp. shares valued at $81,779 were divested by the Director at a price of $26.50 per share. As a result of the transaction, Magee Larry J now holds 114,146 shares, worth roughly $3.05 million.
DA Davidson downgraded its Wabash National Corp. [WNC] rating to a Neutral from a a Buy in a research note published on September 27, 2023; the price target was decreased to $25 from $36. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early July from “a Strong buy” to “a Mkt perform”. Vertical Research also remained covering WNC and has decreased its forecast on December 05, 2022 with a “Hold” recommendation from previously “Buy” rating. DA Davidson started covering the stock on December 17, 2021. It rated WNC as “a Buy”.
Price Performance Review of WNC
On Friday, Wabash National Corp. [NYSE:WNC] saw its stock fall -0.71% to $26.74. Over the last five days, the stock has lost -8.33%. Wabash National Corp. shares have risen nearly 4.37% since the year began. Nevertheless, the stocks have risen 16.97% over the past one year. While a 52-week high of $30.07 was reached on 04/01/24, a 52-week low of $20.09 was recorded on 02/01/24. SMA at 50 days reached $27.39, while 200 days put it at $24.18. A total of 0.57 million shares were traded, compared to the trading of 0.4 million shares in the previous session.
Levels Of Support And Resistance For WNC Stock
The 24-hour chart illustrates a support level at 26.42, which if violated will result in even more drops to 26.11. On the upside, there is a resistance level at 27.05. A further resistance level may holdings at 27.37. The Relative Strength Index (RSI) on the 14-day chart is 41.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.23%. Stochastics %K at 6.10% indicates the stock is a buying.
The most recent change occurred on March 26, 2021 when Vertical Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.
