The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Williams-Sonoma, Inc. shares valued at $5,490,638 were sold by Benson Marta on Apr 04 ’24. At $308.19 per share, Benson Marta sold 17,816 shares. The insider’s holdings dropped to 68,597 shares worth approximately $21.84 million following the completion of this transaction.
Also, Benson Marta sold 2,184 shares, netting a total of over 685,722 in proceeds. Following the sale of shares at $313.98 each, the insider now holds 48,364 shares.
Before that, Smith Karalyn had sold 1,145 shares from its account. In a trade valued at $330,974, the EVP CHIEF TALENT OFFICER traded Williams-Sonoma, Inc. shares for $289.06 each. Upon closing the transaction, the insider’s holdings decreased to 1,145 shares, worth approximately $2.22 million.
As published in a research note from JP Morgan on May 03, 2024, Williams-Sonoma, Inc. [WSM] has been rated up from an Underweight to a Neutral and the price target has been revised to $275 from $245. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late March. As of March 14, 2024, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for WSM. Earlier on March 14, 2024, Goldman upgraded its rating. Their new recommendation was “a Neutral” for WSM stock which previously was a “a Sell”.
Analyzing WSM Stock Performance
During the last five days, there has been a surge of approximately 8.97%. Over the course of the year, Williams-Sonoma, Inc. shares have jumped approximately 57.82%. Shares of the company reached a 52-week high of $319.78 on 04/01/24 and a 52-week low of $191.53 on 02/01/24. A 50-day SMA is recorded $286.22, while a 200-day SMA reached $201.26. Nevertheless, trading volume fell to 0.76 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for Williams-Sonoma, Inc. (WSM)
According to the 24-hour chart, there is a support level at 309.16, which, if violated, would cause prices to drop to 299.87. In the upper region, resistance lies at 323.40. The next price resistance is at 328.35. RSI (Relative Strength Index) is 70.25 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 15.36, which suggests the price will increase in the coming days. Percent R is at 1.45%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
