Walker & Dunlop Inc’s filing revealed that its Director Smith Howard W III unloaded Company’s shares for reported $1.89 million on Mar 08 ’24. In the deal valued at $93.56 per share,20,166 shares were sold. As a result of this transaction, Smith Howard W III now holds 191,508 shares worth roughly $17.43 million.
Then, Florkowski Gregory sold 4,000 shares, generating $385,787 in total proceeds. Upon selling the shares at $96.45, the EVP & Chief Financial Officer now owns 11,809 shares.
Before that, Pryor Paula A. sold 1,908 shares. Walker & Dunlop Inc shares valued at $179,524 were divested by the EVP and Chief HR Officer at a price of $94.09 per share. As a result of the transaction, Pryor Paula A. now holds 3,707 shares, worth roughly $0.34 million.
Wedbush downgraded its Walker & Dunlop Inc [WD] rating to a Neutral from a an Outperform in a research note published on April 11, 2024; the price target was decreased to $95 from $130. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Mkt perform”. Wedbush also remained covering WD and reiterated its “an Outperform” recommendation on December 11, 2023. JMP Securities revised its rating on May 02, 2023. It rated WD as “a Mkt perform” which previously was an “a Mkt outperform”.
Price Performance Review of WD
On Tuesday, Walker & Dunlop Inc [NYSE:WD] saw its stock jump 1.22% to $90.99. Over the last five days, the stock has lost -5.98%. Walker & Dunlop Inc shares have fallen nearly -18.03% since the year began. Nevertheless, the stocks have risen 27.44% over the past one year. While a 52-week high of $113.67 was reached on 01/02/24, a 52-week low of $61.06 was recorded on 04/11/24. SMA at 50 days reached $94.22, while 200 days put it at $87.83. A total of 0.38 million shares were traded, compared to the trading of 0.31 million shares in the previous session.
Levels Of Support And Resistance For WD Stock
The 24-hour chart illustrates a support level at 88.89, which if violated will result in even more drops to 86.79. On the upside, there is a resistance level at 92.40. A further resistance level may holdings at 93.81. The Relative Strength Index (RSI) on the 14-day chart is 41.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.94%. Stochastics %K at 24.30% indicates the stock is a holding.
