Wingstop Inc’s filing revealed that 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 $1.89 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 $1.31 million.
Truist reiterated its Wingstop Inc [WING] rating to a Hold in a research note published on July 01, 2024; the price target was $393. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid June with a ‘”a Neutral”‘ rating. Bernstein started covering the stock on February 14, 2024. It rated WING as “an Outperform”.
Price Performance Review of WING
On Friday, Wingstop Inc [NASDAQ:WING] saw its stock jump 1.66% to $366.36. Over the last five days, the stock has lost -0.80%. Wingstop Inc shares have risen nearly 42.79% since the year began. Nevertheless, the stocks have risen 99.76% over the past one year. While a 52-week high of $431.03 was reached on 06/28/24, a 52-week low of $150.08 was recorded on 01/04/24. SMA at 50 days reached $393.52, while 200 days put it at $315.43. A total of 0.56 million shares were traded, compared to the trading of 0.68 million shares in the previous session.
Levels Of Support And Resistance For WING Stock
The 24-hour chart illustrates a support level at 360.34, which if violated will result in even more drops to 354.32. On the upside, there is a resistance level at 373.05. A further resistance level may holdings at 379.74. The Relative Strength Index (RSI) on the 14-day chart is 39.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.59%. Stochastics%K at 20.20% indicates the stock is a holding.
