The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Wabash National Corp. shares valued at $27,331 were sold by Sudhanshu Priyadarshi on Feb 27 ’24. At $27.06 per share, Sudhanshu Priyadarshi sold 1,010 shares. The insider’s holdings dropped to 6,386 shares worth approximately $0.17 million following the completion of this transaction.
Also, Magee Larry J sold 17,897 shares, netting a total of over 461,743 in proceeds. Following the sale of shares at $25.80 each, the insider now holds 96,249 shares.
Before that, Magee Larry J had sold 3,086 shares from its account. In a trade valued at $81,779, the Director traded Wabash National Corp. shares for $26.50 each. Upon closing the transaction, the insider’s holdings decreased to 3,086 shares, worth approximately $2.96 million.
As published in a research note from DA Davidson on September 27, 2023, Wabash National Corp. [WNC] has been rated down from a Buy to a Neutral and the price target has been revised to $25 from $36. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”a Mkt perform”‘ outlook in a report released in early July. As of December 05, 2022, Vertical Research has decreased its “Buy” rating to a “Hold” for WNC. Earlier on December 17, 2021, DA Davidson initiated its rating. Their recommendation was “a Buy” for WNC stock.
Analyzing WNC Stock Performance
During the last five days, there has been a drop of approximately -5.82%. Over the course of the year, Wabash National Corp. shares have jumped approximately 1.09%. Shares of the company reached a 52-week high of $30.07 on 04/01/24 and a 52-week low of $21.63 on 02/01/24. A 50-day SMA is recorded $27.34, while a 200-day SMA reached $24.20. Nevertheless, trading volume fell to 0.7 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Wabash National Corp. (WNC)
According to the 24-hour chart, there is a support level at 25.49, which, if violated, would cause prices to drop to 25.08. In the upper region, resistance lies at 26.61. The next price resistance is at 27.32. RSI (Relative Strength Index) is 37.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.54, which suggests the price will decrease in the coming days. Percent R is at 97.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
