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Williams-Sonoma, Inc. [WSM] Records 200-Day SMA of $224.26

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Williams-Sonoma, Inc. shares valued at $2,663,976 were sold by Bhargava Monica on Jun 06 ’24. At $298.28 per share, Bhargava Monica sold 8,931 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, King David Randolph sold 10,000 shares, netting a total of over 2,878,507 in proceeds. Following the sale of shares at $287.85 each, the insider now holds 50,512 shares.

Before that, ALBER LAURA had sold 20,000 shares from its account. In a trade valued at $6,370,668, the PRESIDENT & CEO traded Williams-Sonoma, Inc. shares for $318.53 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $168.85 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 -2.27%. Over the course of the year, Williams-Sonoma, Inc. shares have jumped approximately 50.63%. 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 $296.80, while a 200-day SMA reached $224.26. Nevertheless, trading volume fell to 0.98 million shares from 1.15 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 296.74, which, if violated, would cause prices to drop to 289.55. In the upper region, resistance lies at 316.82. The next price resistance is at 329.71. RSI (Relative Strength Index) is 51.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.22, which suggests the price will increase in the coming days. Percent R is at 43.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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