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.
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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.