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Jefferies Downgrades WillScot Holdings Corp. (WSC) to a Hold from a Buy

WillScot Holdings Corp.’s recently made public that its Chief Executive Officer Soultz Bradley Lee acquired Company’s shares for reported $0.19 million on May 07 ’24. In the deal valued at $38.44 per share,5,000 shares were bought. As a result of this transaction, Soultz Bradley Lee now holds 157,771 shares worth roughly $5.88 million.

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Then, SAGANSKY JEFFREY sold 75,000 shares, generating $3,562,612 in total proceeds. Upon selling the shares at $47.50, the Director now owns 2,420,905 shares.

Before that, Soultz Bradley Lee bought 5,000 shares. WillScot Holdings Corp. shares valued at $238,788 were divested by the Chief Executive Officer at a price of $47.76 per share. As a result of the transaction, Soultz Bradley Lee now holds 13,869 shares, worth roughly $0.52 million.

Jefferies downgraded its WillScot Holdings Corp. [WSC] rating to a Hold from a a Buy in a research note published on April 01, 2024; the price target was decreased to $42 from $58. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early January with a ‘”an Equal-weight”‘ rating. Wells Fargo began covering WSC with “an Overweight” recommendation on October 11, 2023. William Blair started covering the stock on February 08, 2023. It rated WSC as “an Outperform”.

Price Performance Review of WSC

On Tuesday, WillScot Holdings Corp. [NASDAQ:WSC] saw its stock fall -3.35% to $37.25. Over the last five days, the stock has lost -5.10%. WillScot Holdings Corp. shares have fallen nearly -16.29% since the year began. Nevertheless, the stocks have fallen -9.19% over the past one year. While a 52-week high of $52.16 was reached on 02/12/24, a 52-week low of $33.23 was recorded on 08/07/24. SMA at 50 days reached $37.97, while 200 days put it at $41.63.

Levels Of Support And Resistance For WSC Stock

The 24-hour chart illustrates a support level at 36.85, which if violated will result in even more drops to 36.46. On the upside, there is a resistance level at 38.02. A further resistance level may holdings at 38.80. The Relative Strength Index (RSI) on the 14-day chart is 48.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.53%. Stochastics %K at 65.47% indicates the stock is a holding.

How much short interest is there in WillScot Holdings Corp.?

A steep rise in short interest was recorded in WillScot Holdings Corp. stocks on 2024-08-15, dropping by -1.68 million shares to a total of 14.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 16.11 million shares. There was a decline of -11.64%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 30, 2022 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $49 price target.

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