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The Potential Rise in the Price of Worthington Enterprises Inc. (WOR) following insiders activity

Worthington Enterprises Inc.’s filing revealed that its Director HORTON OZEY K JR unloaded Company’s shares for reported $61340.0 on Apr 05 ’24. In the deal valued at $61.34 per share,1,000 shares were sold. As a result of this transaction, HORTON OZEY K JR now holds 40,688 shares worth roughly $1.84 million.

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Then, ROSE B ANDREW sold 60,559 shares, generating $3,564,652 in total proceeds. Upon selling the shares at $58.86, the President & CEO now owns 437,698 shares.

Before that, ROSE B ANDREW sold 75,568 shares. Worthington Enterprises Inc. shares valued at $4,630,064 were divested by the President & CEO at a price of $61.27 per share. As a result of the transaction, ROSE B ANDREW now holds 437,698 shares, worth roughly $19.78 million.

Canaccord Genuity initiated its Worthington Enterprises Inc. [WOR] rating to a Hold in a research note published on January 30, 2024; the price target was $56. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late January with a ‘”a Sell”‘ rating. BMO Capital Markets began covering WOR with “Market perform” recommendation on August 15, 2022. Seaport Global Securities started covering the stock on August 24, 2021. It rated WOR as “a Neutral”.

Price Performance Review of WOR

On Tuesday, Worthington Enterprises Inc. [NYSE:WOR] saw its stock fall -0.20% to $45.18. Over the last five days, the stock has lost -9.93%. Worthington Enterprises Inc. shares have fallen nearly -21.49% since the year began. Nevertheless, the stocks have risen 5.50% over the past one year. While a 52-week high of $69.96 was reached on 03/21/24, a 52-week low of $36.28 was recorded on 07/02/24. SMA at 50 days reached $55.19, while 200 days put it at $52.54. A total of 0.4 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For WOR Stock

The 24-hour chart illustrates a support level at 44.62, which if violated will result in even more drops to 44.05. On the upside, there is a resistance level at 45.59. A further resistance level may holdings at 45.99. The Relative Strength Index (RSI) on the 14-day chart is 20.50, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.75%. Stochastics%K at 7.62% indicates the stock is a buying.

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