Warby Parker Inc’s recently made public that its Director SINGER BRADLEY E acquired Company’s shares for reported $0.65 million on Aug 13 ’24. In the deal valued at $13.00 per share,50,000 shares were bought. As a result of this transaction, SINGER BRADLEY E now holds 100,000 shares worth roughly $1.55 million.
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Then, SINGER BRADLEY E bought 25,000 shares, generating $315,750 in total proceeds. Upon buying the shares at $12.63, the Director now owns 125,000 shares.
Before that, D1 Capital Partners L.P. sold 5,500,000 shares. Warby Parker Inc shares valued at $86,130,000 were divested by the 10% Owner at a price of $15.66 per share. As a result of the transaction, D1 Capital Partners L.P. now holds 9,444,023 shares, worth roughly $146.48 million.
JMP Securities upgraded its Warby Parker Inc [WRBY] rating to a Mkt outperform from a a Mkt perform in a research note published recently. BTIG Research also remained covering WRBY and has increased its forecast on October 12, 2023 with a “Buy” recommendation from previously “Neutral” rating. Evercore ISI revised its rating on October 03, 2023. It rated WRBY as “an Outperform” which previously was an “an In-line”.
Price Performance Review of WRBY
On Friday, Warby Parker Inc [NYSE:WRBY] saw its stock jump 11.90% to $15.51. Over the last five days, the stock has gained 7.04%. Warby Parker Inc shares have risen nearly 10.00% since the year began. Nevertheless, the stocks have risen 25.69% over the past one year. While a 52-week high of $17.95 was reached on 06/03/24, a 52-week low of $9.83 was recorded on 03/14/24. SMA at 50 days reached $15.39, while 200 days put it at $13.83.
Levels Of Support And Resistance For WRBY Stock
The 24-hour chart illustrates a support level at 14.79, which if violated will result in even more drops to 14.08. On the upside, there is a resistance level at 16.00. A further resistance level may holdings at 16.50. The Relative Strength Index (RSI) on the 14-day chart is 56.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.13%. Stochastics%K at 66.23% indicates the stock is a holding.
How much short interest is there in Warby Parker Inc?
A steep rise in short interest was recorded in Warby Parker Inc stocks on 2024-07-31, dropping by -0.33 million shares to a total of 11.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 11.58 million shares. There was a decline of -2.96%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 25, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $13 price target.
