WisdomTree, Inc.’s recent filing unveils that 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 $84.94 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 $9.61 million.
Northland Capital upgraded its WisdomTree, Inc. [WT] rating to an Outperform from a 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 jump 2.09% to $9.26. Over the last five days, the stock has gained 7.05%. WisdomTree, Inc. shares have risen nearly 33.62% since the year began. Nevertheless, the stocks have risen 47.22% over the past one year. While a 52-week high of $9.69 was reached on 04/04/24, a 52-week low of $6.06 was recorded on 01/04/24. SMA at 50 days reached $8.77, while 200 days put it at $7.34. A total of 1.13 million shares were traded, compared to the trading of 0.98 million shares in the previous session.
Levels Of Support And Resistance For WT Stock
The 24-hour chart illustrates a support level at 9.12, which if violated will result in even more drops to 8.99. On the upside, there is a resistance level at 9.33. A further resistance level may holdings at 9.40. The Relative Strength Index (RSI) on the 14-day chart is 61.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.00%. Stochastics %K at 91.32% indicates the stock is a selling.
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.
