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. Williams-Sonoma, Inc. shares valued at $5,810,605 were sold by ALBER LAURA on Sep 16 ’24. At $145.27 per share, ALBER LAURA sold 40,000 shares. The insider’s holdings dropped to 1,030,956 shares worth approximately $146.8 million following the completion of this transaction.
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Also, ALBER LAURA purchased 40,000 shares, netting a total of over 5,808,756 in proceeds.
Before that, Smith Karalyn had sold 11,100 shares from its account. In a trade valued at $1,494,726, the EVP CHIEF TALENT OFFICER traded Williams-Sonoma, Inc. shares for $134.66 each. Upon closing the transaction, the insider’s holdings decreased to 11,100 shares, worth approximately $2.16 million.
As published in a research note from Jefferies on September 11, 2024, Williams-Sonoma, Inc. [WSM] has been rated up from a Hold to a Buy and the price target has been revised to $156 from $148. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late August. As of July 12, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for WSM. Earlier on May 03, 2024, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for WSM stock which previously was a “an Underweight”.
Analyzing WSM Stock Performance
During the last five days, there has been a surge of approximately 0.46%. Over the course of the year, Williams-Sonoma, Inc. shares have jumped approximately 41.13%. Shares of the company reached a 52-week high of $174.26 on 05/22/24 and a 52-week low of $95.76 on 02/01/24. A 50-day SMA is recorded $142.42, while a 200-day SMA reached $137.37. Nevertheless, trading volume fell to 1.42 million shares from 0.98 million shares the previous day.
Support And Resistance Levels for Williams-Sonoma, Inc. (WSM)
According to the 24-hour chart, there is a support level at 139.62, which, if violated, would cause prices to drop to 136.84. In the upper region, resistance lies at 147.91. The next price resistance is at 153.42. RSI (Relative Strength Index) is 44.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.40, which suggests the price will decrease in the coming days. Percent R is at 88.31%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
