Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Wendy’s Co shares valued at $81,315 were sold by GILBERT KENNETH W on Mar 01 ’24. At $18.07 per share, GILBERT KENNETH W sold 4,500 shares. The insider’s holdings dropped to 31,304 shares worth approximately $0.6 million following the completion of this transaction.
Also, LEVATO JOSEPH A sold 20,000 shares, netting a total of over 383,626 in proceeds. Following the sale of shares at $19.18 each, the insider now holds 30,407 shares.
Before that, Peltz Matthew H. had sold 2,905,569 shares from its account. In a trade valued at $58,983,051, the Director traded Wendy’s Co shares for $20.30 each. Upon closing the transaction, the insider’s holdings decreased to 2,905,569 shares, worth approximately $339.07 million.
Analysts at Bernstein downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late February. As of February 21, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for WEN. Earlier on January 16, 2024, Gordon Haskett downgraded its rating. Their new recommendation was “a Hold” for WEN stock which previously was a “a Buy”.
Analyzing WEN Stock Performance
During the last five days, there has been a surge of approximately 0.90%. Over the course of the year, Wendy’s Co shares have dropped approximately -2.36%. Shares of the company reached a 52-week high of $19.77 on 01/10/24 and a 52-week low of $17.64 on 02/21/24. A 50-day SMA is recorded $18.55, while a 200-day SMA reached $19.58. Nevertheless, trading volume fell to 3.54 million shares from 1.69 million shares the previous day.
Support And Resistance Levels for Wendy’s Co (WEN)
According to the 24-hour chart, there is a support level at 18.88, which, if violated, would cause prices to drop to 18.75. In the upper region, resistance lies at 19.18. The next price resistance is at 19.34. RSI (Relative Strength Index) is 58.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 16.00%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
