In a filing, WisdomTree, Inc. revealed its Chief Executive Officer Steinberg Jonathan L acquired Company’s shares for reported $2.19 million on Feb 13 ’24. In the deal valued at $7.20 per share,303,781 shares were bought. As a result of this transaction, Steinberg Jonathan L now holds 9,172,838 shares worth roughly $ 80.08 million.
Then, Ziemba Peter M sold 50,000 shares, generating $352,065 in total proceeds. Upon selling the shares at $7.04, the Chief Administrative Officer now owns 988,082 shares.
Before that, Ziemba Peter M sold 50,000 shares. WisdomTree, Inc. shares valued at $345,685 were divested by the Chief Administrative Officer at a price of $6.91 per share. As a result of the transaction, Ziemba Peter M now holds 1,038,082 shares, worth roughly $9.06 million.
Northland Capital upgraded its WisdomTree, Inc. [WT] rating to an Outperform from a Market perform in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. Northcoast also remained covering WT and has increased its forecast on December 28, 2023 with a “Buy” recommendation from previously “Neutral” rating. UBS started covering the stock on October 11, 2023. It rated WT as “a Buy”.
Price Performance Review of WT
On Friday, WisdomTree, Inc. [NYSE:WT] saw its stock fall -0.46% to $8.73. Over the last five days, the stock has lost -3.54%. WisdomTree, Inc. shares have risen nearly 25.97% since the year began. Nevertheless, the stocks have risen 35.35% over the past one year. While a 52-week high of $9.69 was reached on 04/04/24, a 52-week low of $6.05 was recorded on 01/04/24. SMA at 50 days reached $8.43, while 200 days put it at $7.24. A total of 0.9 million shares were traded, compared to the trading of 1.11 million shares in the previous session.
Levels Of Support And Resistance For WT Stock
The 24-hour chart illustrates a support level at 8.68, which if violated will result in even more drops to 8.62. On the upside, there is a resistance level at 8.83. A further resistance level may holdings at 8.92. The Relative Strength Index (RSI) on the 14-day chart is 46.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.43%. Stochastics %K at 16.80% indicates the stock is a buying.
The most recent change occurred on May 15, 2023 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $9 price target.
