In a filing, WisdomTree Inc revealed its Chief Executive Officer Steinberg Jonathan L acquired Company’s shares for reported $2.19 million on Feb 13 ’24. In the deal valued at $7.20 per share,303,781 shares were bought. As a result of this transaction, Steinberg Jonathan L now holds 9,172,838 shares worth roughly $93.29 million.
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Northland Capital upgraded its WisdomTree Inc [WT] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. Northcoast also remained covering WT and has increased its forecast on December 28, 2023 with a “Buy” recommendation from previously “Neutral” rating. UBS started covering the stock on October 11, 2023. It rated WT as “a Buy”.
Price Performance Review of WT
On Tuesday, WisdomTree Inc [NYSE:WT] saw its stock jump 0.59% to $10.17. Over the last five days, the stock has gained 3.14%. WisdomTree Inc shares have risen nearly 46.75% since the year began. Nevertheless, the stocks have risen 48.90% over the past one year. While a 52-week high of $12.02 was reached on 08/01/24, a 52-week low of $6.06 was recorded on 01/04/24. SMA at 50 days reached $9.86, while 200 days put it at $9.13.
Levels Of Support And Resistance For WT Stock
The 24-hour chart illustrates a support level at 10.08, which if violated will result in even more drops to 9.98. On the upside, there is a resistance level at 10.31. A further resistance level may holdings at 10.44. The Relative Strength Index (RSI) on the 14-day chart is 57.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.66%. Stochastics %K at 58.66% indicates the stock is a holding.
How much short interest is there in WisdomTree Inc?
A steep rise in short interest was recorded in WisdomTree Inc stocks on 2024-09-30, growing by 0.55 million shares to a total of 18.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 18.29 million shares. There was a rise of 2.94%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 15, 2023 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $9 price target.
