Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Wingstop Inc shares valued at $255,249 were sold by Madati Kilandigalu on Jun 05 ’24. At $395.74 per share, Madati Kilandigalu sold 645 shares. The insider’s holdings dropped to 5,147 shares worth approximately $2.17 million following the completion of this transaction.
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Also, Smith Ania sold 566 shares, netting a total of over 215,597 in proceeds. Following the sale of shares at $380.91 each, the insider now holds 1,164 shares.
Before that, Lavelle Kate S had sold 750 shares from its account. In a trade valued at $295,928, the Director traded Wingstop Inc shares for $394.57 each. Upon closing the transaction, the insider’s holdings decreased to 750 shares, worth approximately $1.51 million.
As published in a research note from Truist on July 01, 2024, Wingstop Inc [WING] has been retained to a Hold and the price target has been revised to $393. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid June. Earlier on February 14, 2024, Bernstein initiated its rating. Their recommendation was “an Outperform” for WING stock.
Analyzing WING Stock Performance
During the last five days, there has been a drop of approximately -0.15%. Over the course of the year, Wingstop Inc shares have jumped approximately 64.47%. Shares of the company reached a 52-week high of $431.03 on 06/28/24 and a 52-week low of $241.78 on 01/04/24. A 50-day SMA is recorded $394.36, while a 200-day SMA reached $299.07. Nevertheless, trading volume fell to 0.13 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Wingstop Inc (WING)
According to the 24-hour chart, there is a support level at 415.96, which, if violated, would cause prices to drop to 413.44. In the upper region, resistance lies at 421.84. The next price resistance is at 425.19. RSI (Relative Strength Index) is 58.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.10, which suggests the price will increase in the coming days. Percent R is at 36.24%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
