In a filing, Wingstop Inc revealed its Director Madati Kilandigalu unloaded Company’s shares for reported $0.26 million on Jun 05 ’24. In the deal valued at $395.74 per share,645 shares were sold. As a result of this transaction, Madati Kilandigalu now holds 5,147 shares worth roughly $2.21 million.
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Then, Smith Ania sold 566 shares, generating $215,597 in total proceeds. Upon selling the shares at $380.91, the Director now owns 1,164 shares.
Before that, Lavelle Kate S sold 750 shares. Wingstop Inc shares valued at $295,928 were divested by the Director at a price of $394.57 per share. As a result of the transaction, Lavelle Kate S now holds 3,567 shares, worth roughly $1.53 million.
Goldman initiated its Wingstop Inc [WING] rating to a Neutral in a research note published on June 13, 2024; the price target was $407. Bernstein began covering WING with “an Outperform” recommendation on February 14, 2024. The Benchmark Company revised its rating on December 11, 2023. It rated WING as “a Hold” which previously was an “a Buy”.
Price Performance Review of WING
On Tuesday, Wingstop Inc [NASDAQ:WING] saw its stock jump 2.75% to $428.85. Over the last five days, the stock has gained 7.98%. Wingstop Inc shares have risen nearly 67.14% since the year began. Nevertheless, the stocks have risen 127.91% over the past one year. While a 52-week high of $417.47 was reached on 06/18/24, a 52-week low of $150.08 was recorded on 01/04/24. SMA at 50 days reached $382.46, while 200 days put it at $286.27. A total of 0.44 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For WING Stock
The 24-hour chart illustrates a support level at 418.68, which if violated will result in even more drops to 408.51. On the upside, there is a resistance level at 434.12. A further resistance level may holdings at 439.39. The Relative Strength Index (RSI) on the 14-day chart is 66.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 19.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.55%. Stochastics %K at 89.57% indicates the stock is a selling.
