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 $2,878,507 were sold by King David Randolph on May 24 ’24. At $287.85 per share, King David Randolph sold 10,000 shares. The insider’s holdings dropped to 50,512 shares worth approximately $14.27 million following the completion of this transaction.
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Also, ALBER LAURA sold 20,000 shares, netting a total of over 6,370,668 in proceeds. Following the sale of shares at $318.53 each, the insider now holds 555,550 shares.
Before that, Benson Marta had sold 17,816 shares from its account. In a trade valued at $5,490,638, the CEO POTTERY BARN BRANDS traded Williams-Sonoma, Inc. shares for $308.19 each. Upon closing the transaction, the insider’s holdings decreased to 17,816 shares, worth approximately $19.38 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 drop of approximately -10.12%. Over the course of the year, Williams-Sonoma, Inc. shares have jumped approximately 40.03%. Shares of the company reached a 52-week high of $348.51 on 05/22/24 and a 52-week low of $191.53 on 02/01/24. A 50-day SMA is recorded $299.29, while a 200-day SMA reached $211.98. Nevertheless, trading volume fell to 1.01 million shares from 1.2 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 278.13, which, if violated, would cause prices to drop to 273.70. In the upper region, resistance lies at 286.36. The next price resistance is at 290.17. RSI (Relative Strength Index) is 40.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -19.40, which suggests the price will decrease in the coming days. Percent R is at 91.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
