Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wingstop Inc shares valued at $961,882 were sold by Carona Marisa on Mar 08 ’24. At $371.96 per share, Carona Marisa sold 2,586 shares. The insider’s holdings dropped to 1,646 shares worth approximately $0.61 million following the completion of this transaction.
Also, Skipworth Michael sold 10,843 shares, netting a total of over 3,658,438 in proceeds. Following the sale of shares at $337.40 each, the insider now holds 17,107 shares.
Before that, Madati Kilandigalu had sold 1,472 shares from its account. In a trade valued at $500,281, the Director traded Wingstop Inc shares for $339.87 each. Upon closing the transaction, the insider’s holdings decreased to 1,472 shares, worth approximately $2.02 million.
Analysts at Bernstein started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid February. As of December 11, 2023, The Benchmark Company has decreased its “Buy” rating to a “Hold” for WING. Earlier on November 20, 2023, Northcoast downgraded its rating. Their new recommendation was “a Neutral” for WING stock which previously was a “a Buy”.
Analyzing WING Stock Performance
During the last five days, there has been a surge of approximately 3.79%. Over the course of the year, Wingstop Inc shares have jumped approximately 44.17%. Shares of the company reached a 52-week high of $379.00 on 04/04/24 and a 52-week low of $241.78 on 01/04/24. A 50-day SMA is recorded $352.04, while a 200-day SMA reached $245.95. Nevertheless, trading volume fell to 0.62 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for Wingstop Inc (WING)
According to the 24-hour chart, there is a support level at 356.64, which, if violated, would cause prices to drop to 343.39. In the upper region, resistance lies at 381.04. The next price resistance is at 392.19. RSI (Relative Strength Index) is 57.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.74, which suggests the price will increase in the coming days. Percent R is at 24.89%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
