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 $94,006 were sold by Miller Steven Clive on Sep 11 ’24. At $13.90 per share, Miller Steven Clive sold 6,763 shares. The insider’s holdings dropped to 177,488 shares worth approximately $2.67 million following the completion of this transaction.
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Also, STEVE MILLER purchased 6,763 shares, netting a total of over 93,870 in proceeds.
Before that, Miller Steven Clive had sold 15,272 shares from its account. In a trade valued at $198,536, the Chief Financial Officer traded Warby Parker Inc shares for $13.00 each. Upon closing the transaction, the insider’s holdings decreased to 15,272 shares, worth approximately $2.77 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 -2.02%. Over the course of the year, Warby Parker Inc shares have jumped approximately 6.67%. 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 $14.75, while a 200-day SMA reached $14.33. Nevertheless, trading volume fell to 0.77 million shares from 1.24 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 14.84, which, if violated, would cause prices to drop to 14.65. In the upper region, resistance lies at 15.41. The next price resistance is at 15.78. RSI (Relative Strength Index) is 50.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 64.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
