Williams-Sonoma, Inc.’s filing revealed that 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 $19.79 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 $2.01 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 -0.11% to $288.53. Over the last five days, the stock has lost -6.40%. Williams-Sonoma, Inc. shares have risen nearly 42.99% since the year began. Nevertheless, the stocks have risen 144.12% 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 $260.88, while 200 days put it at $186.64. A total of 1.09 million shares were traded, compared to the trading of 0.8 million shares in the previous session.
Levels Of Support And Resistance For WSM Stock
The 24-hour chart illustrates a support level at 284.29, which if violated will result in even more drops to 280.05. On the upside, there is a resistance level at 295.43. A further resistance level may holdings at 302.34. The Relative Strength Index (RSI) on the 14-day chart is 50.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.67%. Stochastics %K at 7.11% indicates the stock is a buying.
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.
