The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Warby Parker Inc shares valued at $650,000 were purchased by SINGER BRADLEY E on Aug 13 ’24. At $13.00 per share, SINGER BRADLEY E acquired 50,000 shares. The insider’s holdings grew to 100,000 shares worth approximately $1.35 million following the completion of this transaction.
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Also, SINGER BRADLEY E purchased 25,000 shares, netting a total of over 315,750 in proceeds. Following the buying of shares at $12.63 each, the insider now holds 125,000 shares.
Before that, D1 Capital Partners L.P. had sold 5,500,000 shares from its account. In a trade valued at $86,130,000, the 10% Owner traded Warby Parker Inc shares for $15.66 each. Upon closing the transaction, the insider’s holdings decreased to 5,500,000 shares, worth approximately $127.87 million.
As published in a research note from JMP Securities on August 23, 2024, Warby Parker Inc [WRBY] has been rated up from a Mkt perform to a Mkt outperform and the price target has been revised to $20. As of October 12, 2023, BTIG Research has increased its “Neutral” rating to a “Buy” for WRBY. Earlier on October 03, 2023, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for WRBY stock which previously was a “an In-line”.
Analyzing WRBY Stock Performance
During the last five days, there has been a drop of approximately -11.79%. Over the course of the year, Warby Parker Inc shares have dropped approximately -3.97%. Shares of the company reached a 52-week high of $17.95 on 06/03/24 and a 52-week low of $11.35 on 03/14/24. A 50-day SMA is recorded $15.22, while a 200-day SMA reached $13.97. Nevertheless, trading volume fell to 1.42 million shares from 1.22 million shares the previous day.
Support And Resistance Levels for Warby Parker Inc (WRBY)
According to the 24-hour chart, there is a support level at 13.29, which, if violated, would cause prices to drop to 13.04. In the upper region, resistance lies at 13.85. The next price resistance is at 14.16. RSI (Relative Strength Index) is 39.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.77, which suggests the price will decrease in the coming days. Percent R is at 92.18%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
