KD Logo

Wingstop Inc [WING] Investment Appeal on the Rise

In a filing, Wingstop Inc revealed its SVP Corp Restaurants & CPO Upshaw Donnie unloaded Company’s shares for reported $1.19 million on Aug 08 ’24. In the deal valued at $372.71 per share,3,199 shares were sold. As a result of this transaction, Upshaw Donnie now holds 97 shares worth roughly $35750.32.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, Upshaw Donnie bought 3,199 shares, generating $1,192,302 in total proceeds.

Before that, Madati Kilandigalu sold 645 shares. Wingstop Inc shares valued at $255,249 were divested by the Director at a price of $395.74 per share. As a result of the transaction, Madati Kilandigalu now holds 5,147 shares, worth roughly $1.9 million.

Raymond James upgraded its Wingstop Inc [WING] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who remained covering the stock and in early July has reiterated a ‘”a Hold”‘ rating for it. Goldman began covering WING with “Neutral” recommendation on June 13, 2024.

Price Performance Review of WING

On Monday, Wingstop Inc [NASDAQ:WING] saw its stock jump 2.27% to $368.56. Over the last five days, the stock has gained 0.03%. Wingstop Inc shares have risen nearly 43.64% since the year began. Nevertheless, the stocks have risen 111.73% over the past one year. While a 52-week high of $433.86 was reached on 09/24/24, a 52-week low of $173.74 was recorded on 01/04/24. SMA at 50 days reached $394.11, while 200 days put it at $369.11.

Levels Of Support And Resistance For WING Stock

The 24-hour chart illustrates a support level at 363.73, which if violated will result in even more drops to 358.89. On the upside, there is a resistance level at 372.50. A further resistance level may holdings at 376.43. The Relative Strength Index (RSI) on the 14-day chart is 38.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -16.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.23%. Stochastics %K at 8.66% indicates the stock is a buying.

How much short interest is there in Wingstop Inc?

A steep rise in short interest was recorded in Wingstop Inc stocks on 2024-10-15, dropping by 38839.0 shares to a total of 1.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.42 million shares. There was a decline of -2.82%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on February 14, 2024 when Bernstein began covering the stock and recommended ‘”an Outperform”‘ rating along with a $340 price target.

Most Popular