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Williams-Sonoma, Inc. (WSM) Becoming More Attractive for Investors

Williams-Sonoma, Inc.’s recently made public that 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 $21.65 million.

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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 $2.2 million.

JP Morgan upgraded its Williams-Sonoma, Inc. [WSM] rating to a Neutral from a an Underweight in a research note published on May 03, 2024; the price target was increased to $275 from $245. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late March has reiterated a ‘”an Outperform”‘ rating for it. Morgan Stanley also remained covering WSM and has increased its forecast on March 14, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Goldman revised its rating on March 14, 2024. It rated WSM as “a Neutral” which previously was an “a Sell”.

Price Performance Review of WSM

On Monday, Williams-Sonoma, Inc. [NYSE:WSM] saw its stock fall -0.10% to $315.62. Over the last five days, the stock has gained 2.38%. Williams-Sonoma, Inc. shares have risen nearly 56.42% since the year began. Nevertheless, the stocks have risen 178.64% over the past one year. While a 52-week high of $321.47 was reached on 05/13/24, a 52-week low of $109.44 was recorded on 02/01/24. SMA at 50 days reached $289.41, while 200 days put it at $203.05. A total of 0.65 million shares were traded, compared to the trading of 0.5 million shares in the previous session.

Levels Of Support And Resistance For WSM Stock

The 24-hour chart illustrates a support level at 312.32, which if violated will result in even more drops to 309.01. On the upside, there is a resistance level at 320.48. A further resistance level may holdings at 325.34. The Relative Strength Index (RSI) on the 14-day chart is 67.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 18.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.44%. Stochastics %K at 90.50% indicates the stock is a selling.

The most recent change occurred on March 14, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $320.

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