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A company insider recently bought 151 shares of Wabash National Corp. [WNC]. Should You Buy?

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. Wabash National Corp. shares valued at $3,881 were purchased by Boss John G. on Jan 25 ’24. At $25.72 per share, Boss John G. acquired 151 shares. The insider’s holdings grew to 105,674 shares worth approximately $1.8 million following the completion of this transaction.

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Also, Boss John G. purchased 188 shares, netting a total of over 3,866 in proceeds. Following the buying of shares at $20.52 each, the insider now holds 105,523 shares.

Before that, Sudhanshu Priyadarshi had sold 1,010 shares from its account. In a trade valued at $27,331, the Director traded Wabash National Corp. shares for $27.06 each. Upon closing the transaction, the insider’s holdings decreased to 1,010 shares, worth approximately $0.11 million.

As published in a research note from DA Davidson on September 09, 2024, Wabash National Corp. [WNC] has been retained to a Neutral and the price target has been revised to $18. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late September. As of July 05, 2023, Raymond James has decreased its “Strong buy” rating to a “Mkt perform” for WNC. Earlier on December 05, 2022, Vertical Research downgraded its rating. Their new recommendation was “a Hold” for WNC stock which previously was a “a Buy”.

Analyzing WNC Stock Performance

During the last five days, there has been a drop of approximately -9.74%. Over the course of the year, Wabash National Corp. shares have dropped approximately -33.41%. Nevertheless, trading volume fell to 0.73 million shares from 0.4 million shares the previous day.

Support And Resistance Levels for Wabash National Corp. (WNC)

RSI (Relative Strength Index) is 31.42 on the 14-day chart, showing neutral technical sentiment.

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