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. Winnebago Industries, Inc. shares valued at $937,001 were sold by West Christopher David on Jan 04 ’24. At $69.08 per share, West Christopher David sold 13,564 shares. The insider’s holdings dropped to 26,309 shares worth approximately $1.61 million following the completion of this transaction.
Also, MOSS RICHARD D sold 3,000 shares, netting a total of over 216,630 in proceeds. Following the sale of shares at $72.21 each, the insider now holds 16,542 shares.
Before that, Fisher William C. had sold 1,000 shares from its account. In a trade valued at $72,100, the Director traded Winnebago Industries, Inc. shares for $72.10 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $1.66 million.
As published in a research note from DA Davidson on December 26, 2023, Winnebago Industries, Inc. [WGO] has been retained to a Neutral and the price target has been revised to $64. Analysts at ROTH MKM resumed the stock at ‘”a Neutral”‘ outlook in a report released in mid December. As of April 19, 2023, KeyBanc Capital Markets has initiated its “Sector weight” rating for WGO. Earlier on February 06, 2023, Northcoast downgraded its rating. Their new recommendation was “a Neutral” for WGO stock which previously was a “a Buy”.
Analyzing WGO Stock Performance
During the last five days, there has been a drop of approximately -7.73%. Over the course of the year, Winnebago Industries, Inc. shares have dropped approximately -16.11%. Shares of the company reached a 52-week high of $74.10 on 03/28/24 and a 52-week low of $61.14 on 04/17/24. A 50-day SMA is recorded $67.91, while a 200-day SMA reached $65.75. Nevertheless, trading volume fell to 0.52 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for Winnebago Industries, Inc. (WGO)
According to the 24-hour chart, there is a support level at 60.66, which, if violated, would cause prices to drop to 60.19. In the upper region, resistance lies at 62.09. The next price resistance is at 63.05. RSI (Relative Strength Index) is 30.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.69, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
