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JP Morgan Upgrades Williams-Sonoma, Inc. (WSM) to a Neutral from an Underweight

In a filing, Williams-Sonoma, Inc. revealed its PRESIDENT POTTERY BARN BRAND Bhargava Monica unloaded Company’s shares for reported $2.66 million on Jun 06 ’24. In the deal valued at $298.28 per share,8,931 shares were sold. As a result of this transaction, Bhargava Monica now holds 0 shares worth roughly $0.0.

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Then, King David Randolph sold 10,000 shares, generating $2,878,507 in total proceeds. Upon selling the shares at $287.85, the EVP GENERAL COUNSEL now owns 50,512 shares.

Before that, ALBER LAURA sold 20,000 shares. Williams-Sonoma, Inc. shares valued at $6,370,668 were divested by the PRESIDENT & CEO at a price of $318.53 per share. As a result of the transaction, ALBER LAURA now holds 555,550 shares, worth roughly $169.52 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 jump 1.17% to $305.14. Over the last five days, the stock has gained 2.76%. Williams-Sonoma, Inc. shares have risen nearly 51.22% since the year began. Nevertheless, the stocks have risen 139.80% over the past one year. While a 52-week high of $348.51 was reached on 05/22/24, a 52-week low of $117.89 was recorded on 02/01/24. SMA at 50 days reached $296.67, while 200 days put it at $222.57. A total of 0.64 million shares were traded, compared to the trading of 1.33 million shares in the previous session.

Levels Of Support And Resistance For WSM Stock

The 24-hour chart illustrates a support level at 299.51, which if violated will result in even more drops to 293.89. On the upside, there is a resistance level at 308.46. A further resistance level may holdings at 311.79. The Relative Strength Index (RSI) on the 14-day chart is 53.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 40.46%. Stochastics %K at 68.64% indicates the stock is a holding.

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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