Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. WisdomTree, Inc. shares valued at $2,186,768 were purchased by Steinberg Jonathan L on Feb 13 ’24. At $7.20 per share, Steinberg Jonathan L acquired 303,781 shares. The insider’s holdings grew to 9,172,838 shares worth approximately $81.18 million following the completion of this transaction.
Also, Ziemba Peter M sold 50,000 shares, netting a total of over 352,065 in proceeds. Following the sale of shares at $7.04 each, the insider now holds 988,082 shares.
Before that, Ziemba Peter M had sold 50,000 shares from its account. In a trade valued at $345,685, the Chief Administrative Officer traded WisdomTree, Inc. shares for $6.91 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $9.19 million.
As published in a research note from Northland Capital on April 03, 2024, WisdomTree, Inc. [WT] has been rated up from a Market perform to an Outperform and the price target has been revised to $12. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of December 28, 2023, Northcoast has increased its “Neutral” rating to a “Buy” for WT. Earlier on October 11, 2023, UBS initiated its rating. Their recommendation was “a Buy” for WT stock.
Analyzing WT Stock Performance
During the last five days, there has been a surge of approximately 1.96%. Over the course of the year, WisdomTree, Inc. shares have jumped approximately 27.71%. Shares of the company reached a 52-week high of $9.69 on 04/04/24 and a 52-week low of $6.57 on 01/04/24. A 50-day SMA is recorded $8.54, while a 200-day SMA reached $7.27. Nevertheless, trading volume fell to 0.82 million shares from 0.76 million shares the previous day.
Support And Resistance Levels for WisdomTree, Inc. (WT)
According to the 24-hour chart, there is a support level at 8.80, which, if violated, would cause prices to drop to 8.74. In the upper region, resistance lies at 8.94. The next price resistance is at 9.02. RSI (Relative Strength Index) is 49.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 79.31%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
