Wabash National Corp.’s recently made public that its Director Boss John G. acquired Company’s shares for reported $3881.0 on Jan 25 ’24. In the deal valued at $25.72 per share,151 shares were bought. As a result of this transaction, Boss John G. now holds 105,674 shares worth roughly $1.95 million.
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Then, Boss John G. bought 188 shares, generating $3,866 in total proceeds. Upon buying the shares at $20.52, the Director now owns 105,523 shares.
Before that, Sudhanshu Priyadarshi sold 1,010 shares. Wabash National Corp. shares valued at $27,331 were divested by the Director at a price of $27.06 per share. As a result of the transaction, Sudhanshu Priyadarshi now holds 6,386 shares, worth roughly $0.12 million.
DA Davidson reiterated its Wabash National Corp. [WNC] rating to a Neutral in a research note published on September 09, 2024; the price target was $18. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “a Neutral”. Raymond James also remained covering WNC and has decreased its forecast on July 05, 2023 with a “Mkt perform” recommendation from previously “Strong buy” rating. Vertical Research revised its rating on December 05, 2022. It rated WNC as “a Hold” which previously was an “a Buy”.
Price Performance Review of WNC
On Friday, Wabash National Corp. [NYSE:WNC] saw its stock fall -1.12% to $18.49. Over the last five days, the stock has lost -0.80%. Wabash National Corp. shares have fallen nearly -27.83% since the year began. Nevertheless, the stocks have fallen -13.23% over the past one year. While a 52-week high of $30.07 was reached on 04/01/24, a 52-week low of $17.68 was recorded on 10/08/24. SMA at 50 days reached $18.98, while 200 days put it at $22.93.
Levels Of Support And Resistance For WNC Stock
The 24-hour chart illustrates a support level at 18.35, which if violated will result in even more drops to 18.22. On the upside, there is a resistance level at 18.71. A further resistance level may holdings at 18.94. The Relative Strength Index (RSI) on the 14-day chart is 46.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.73%. Stochastics %K at 62.74% indicates the stock is a holding.
How much short interest is there in Wabash National Corp.?
A steep rise in short interest was recorded in Wabash National Corp. stocks on 2024-09-30, dropping by -1.61 million shares to a total of 6.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.83 million shares. There was a decline of -25.88%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 17, 2021 when DA Davidson began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.
