In a filing, Warner Music Group Corp revealed its Director Benet Lincoln E unloaded Company’s shares for reported $2.6 million on Feb 15 ’24. In the deal valued at $36.12 per share,71,981 shares were sold. As a result of this transaction, Benet Lincoln E now holds 277,360 shares worth roughly $8.79 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Lousada Max sold 869,008 shares, generating $28,990,107 in total proceeds. Upon selling the shares at $33.36, the CEO, Recorded Music now owns 1,883,578 shares.
A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who increased its forecast for the stock in early February from “a Sell” to “a Neutral”. Wells Fargo began covering WMG with “an Equal weight” recommendation on November 15, 2023. UBS revised its rating on October 03, 2023. It rated WMG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of WMG
On Tuesday, Warner Music Group Corp [NASDAQ:WMG] saw its stock fall -2.19% to $31.69. Over the last five days, the stock has lost -1.46%. Warner Music Group Corp shares have fallen nearly -11.46% since the year began. Nevertheless, the stocks have risen 23.69% over the past one year. While a 52-week high of $38.05 was reached on 02/08/24, a 52-week low of $23.62 was recorded on 05/10/24. SMA at 50 days reached $33.18, while 200 days put it at $33.53. A total of 1.63 million shares were traded, compared to the trading of 1.32 million shares in the previous session.
Levels Of Support And Resistance For WMG Stock
The 24-hour chart illustrates a support level at 31.42, which if violated will result in even more drops to 31.14. On the upside, there is a resistance level at 32.21. A further resistance level may holdings at 32.72. The Relative Strength Index (RSI) on the 14-day chart is 42.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.89%. Stochastics %K at 22.62% indicates the stock is a holding.
The most recent change occurred on July 25, 2023 when TD Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $38 price target.
