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BofA Securities gives an Underperform recommendation for Whirlpool Corp. (WHR)

In a filing, Whirlpool Corp. revealed its EVP & PRES. WHIRLPOOL LAR Puente Juan Carlos unloaded Company’s shares for reported $0.33 million on Sep 03 ’24. In the deal valued at $100.00 per share,3,266 shares were sold. As a result of this transaction, Puente Juan Carlos now holds 19,070 shares worth roughly $1.98 million.

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Then, Puente Juan Carlos bought 3,266 shares, generating $326,574 in total proceeds.

A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in late February with a ‘”a Buy”‘ rating. Longbow also remained covering WHR and has decreased its forecast on October 27, 2023 with a “Neutral” recommendation from previously “Buy” rating. Goldman revised its rating on April 11, 2023. It rated WHR as “a Buy” which previously was an “a Neutral”.

Price Performance Review of WHR

On Friday, Whirlpool Corp. [NYSE:WHR] saw its stock fall -5.73% to $104.05. Over the last five days, the stock has lost -2.91%. Whirlpool Corp. shares have fallen nearly -14.55% since the year began. Nevertheless, the stocks have fallen -17.16% over the past one year. While a 52-week high of $127.58 was reached on 01/02/24, a 52-week low of $84.18 was recorded on 05/29/24. SMA at 50 days reached $101.93, while 200 days put it at $102.58.

Levels Of Support And Resistance For WHR Stock

The 24-hour chart illustrates a support level at 101.84, which if violated will result in even more drops to 99.64. On the upside, there is a resistance level at 108.23. A further resistance level may holdings at 112.42. The Relative Strength Index (RSI) on the 14-day chart is 50.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.96%. Stochastics %K at 36.71% indicates the stock is a holding.

How much short interest is there in Whirlpool Corp.?

A steep rise in short interest was recorded in Whirlpool Corp. stocks on 2024-10-15, growing by 0.4 million shares to a total of 5.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.71 million shares. There was a rise of 7.77%, which implies that there is a positive sentiment for the stock.

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