Wingstop Inc’s recently made public that its SVP & Chief US Franchise Ops Carona Marisa unloaded Company’s shares for reported $0.96 million on Mar 08 ’24. In the deal valued at $371.96 per share,2,586 shares were sold. As a result of this transaction, Carona Marisa now holds 1,646 shares worth roughly $0.65 million.
Then, Skipworth Michael sold 10,843 shares, generating $3,658,438 in total proceeds. Upon selling the shares at $337.40, the President and CEO now owns 17,107 shares.
Before that, Madati Kilandigalu sold 1,472 shares. Wingstop Inc shares valued at $500,281 were divested by the Director at a price of $339.87 per share. As a result of the transaction, Madati Kilandigalu now holds 5,450 shares, worth roughly $2.16 million.
A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in mid February with a ‘”an Outperform”‘ rating. The Benchmark Company also remained covering WING and has decreased its forecast on December 11, 2023 with a “Hold” recommendation from previously “Buy” rating. Northcoast revised its rating on November 20, 2023. It rated WING as “a Neutral” which previously was an “a Buy”.
Price Performance Review of WING
On Monday, Wingstop Inc [NASDAQ:WING] saw its stock jump 1.88% to $395.84. Over the last five days, the stock has gained 2.86%. Wingstop Inc shares have risen nearly 54.28% since the year began. Nevertheless, the stocks have risen 90.70% over the past one year. While a 52-week high of $396.00 was reached on 05/06/24, a 52-week low of $150.08 was recorded on 01/04/24. SMA at 50 days reached $361.08, while 200 days put it at $252.74. A total of 0.57 million shares were traded, compared to the trading of 0.67 million shares in the previous session.
Levels Of Support And Resistance For WING Stock
The 24-hour chart illustrates a support level at 391.18, which if violated will result in even more drops to 386.52. On the upside, there is a resistance level at 400.62. A further resistance level may holdings at 405.40. The Relative Strength Index (RSI) on the 14-day chart is 67.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.44%. Stochastics %K at 83.50% indicates the stock is a selling.
The most recent change occurred on October 05, 2023 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $218 price target.
