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West Pharmaceutical Services, Inc. (WST) may enjoy gains as insiders got busy in the recent days

West Pharmaceutical Services, Inc.’s filing revealed that its VP, Chief Accounting Officer Winters Chad unloaded Company’s shares for reported $0.29 million on Mar 11 ’24. In the deal valued at $358.82 per share,815 shares were sold. As a result of this transaction, Winters Chad now holds 1,309 shares worth roughly $0.46 million.

Then, Witherspoon Charles sold 2,019 shares, generating $724,061 in total proceeds. Upon selling the shares at $358.62, the VP & Treasurer now owns 1,979 shares.

Before that, Green Eric Mark sold 64,132 shares. West Pharmaceutical Services, Inc. shares valued at $23,077,971 were divested by the President, CEO and Board Chair at a price of $359.85 per share. As a result of the transaction, Green Eric Mark now holds 152,908 shares, worth roughly $54.19 million.

Jefferies upgraded its West Pharmaceutical Services, Inc. [WST] rating to a Buy from a a Hold in a research note published on February 07, 2024; the price target was increased to $536 from $323. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “a Buy”. Stephens also remained covering WST and has increased its forecast on April 11, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Deutsche Bank started covering the stock on December 14, 2022. It rated WST as “a Hold”.

Price Performance Review of WST

On Monday, West Pharmaceutical Services, Inc. [NYSE:WST] saw its stock fall -1.67% to $354.41. Over the last five days, the stock has lost -5.58%. West Pharmaceutical Services, Inc. shares have risen nearly 0.65% since the year began. Nevertheless, the stocks have fallen -0.23% over the past one year. While a 52-week high of $415.73 was reached on 02/07/24, a 52-week low of $310.42 was recorded on 02/15/24. SMA at 50 days reached $376.81, while 200 days put it at $371.08. A total of 0.52 million shares were traded, compared to the trading of 0.76 million shares in the previous session.

Levels Of Support And Resistance For WST Stock

The 24-hour chart illustrates a support level at 351.31, which if violated will result in even more drops to 348.20. On the upside, there is a resistance level at 359.84. A further resistance level may holdings at 365.26. The Relative Strength Index (RSI) on the 14-day chart is 33.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.09%. Stochastics %K at 5.53% indicates the stock is a buying.

The most recent change occurred on November 30, 2022 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $250 price target.

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