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An Analysis of Williams-Sonoma, Inc. (WSM)’s Potential Price Growth

In a filing, Williams-Sonoma, Inc. revealed its CEO POTTERY BARN BRANDS Benson Marta unloaded Company’s shares for reported $5.49 million on Apr 04 ’24. In the deal valued at $308.19 per share,17,816 shares were sold. As a result of this transaction, Benson Marta now holds 68,597 shares worth roughly $19.65 million.

Then, Benson Marta sold 2,184 shares, generating $685,722 in total proceeds. Upon selling the shares at $313.98, the CEO POTTERY BARN BRANDS now owns 48,364 shares.

Before that, Smith Karalyn sold 1,145 shares. Williams-Sonoma, Inc. shares valued at $330,974 were divested by the EVP CHIEF TALENT OFFICER at a price of $289.06 per share. As a result of the transaction, Smith Karalyn now holds 6,966 shares, worth roughly $2.0 million.

Telsey Advisory Group reiterated its Williams-Sonoma, Inc. [WSM] rating to an Outperform in a research note published on March 25, 2024; the price target was $340. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid March from “an Underweight” to “an Equal-weight”. Goldman also remained covering WSM and has increased its forecast on March 14, 2024 with a “Neutral” recommendation from previously “Sell” rating. Telsey Advisory Group maintained its rating on March 14, 2024. It rated WSM as “an Outperform”.

Price Performance Review of WSM

On Monday, Williams-Sonoma, Inc. [NYSE:WSM] saw its stock jump 1.50% to $286.40. Over the last five days, the stock has gained 2.21%. Williams-Sonoma, Inc. shares have risen nearly 41.94% since the year began. Nevertheless, the stocks have risen 134.25% over the past one year. While a 52-week high of $319.78 was reached on 04/01/24, a 52-week low of $109.44 was recorded on 02/01/24. SMA at 50 days reached $274.57, while 200 days put it at $194.45. A total of 0.59 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For WSM Stock

The 24-hour chart illustrates a support level at 283.58, which if violated will result in even more drops to 280.76. On the upside, there is a resistance level at 288.92. A further resistance level may holdings at 291.43. The Relative Strength Index (RSI) on the 14-day chart is 51.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.74%. Stochastics %K at 22.23% indicates the stock is a holding.

The most recent change occurred on March 11, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $265.

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