Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $1.89 million following the completion of this transaction.
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Also, Sudhanshu Priyadarshi sold 1,010 shares, netting a total of over 27,331 in proceeds. Following the sale of shares at $27.06 each, the insider now holds 6,386 shares.
Before that, Magee Larry J had sold 17,897 shares from its account. In a trade valued at $461,743, the Director traded Wabash National Corp. shares for $25.80 each. Upon closing the transaction, the insider’s holdings decreased to 17,897 shares, worth approximately $1.72 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 surge of approximately 4.57%. Over the course of the year, Wabash National Corp. shares have dropped approximately -30.37%. Shares of the company reached a 52-week high of $30.07 on 04/01/24 and a 52-week low of $15.94 on 10/24/24. A 50-day SMA is recorded $18.71, while a 200-day SMA reached $22.67. Nevertheless, trading volume fell to 0.56 million shares from 0.81 million shares the previous day.
Support And Resistance Levels for Wabash National Corp. (WNC)
According to the 24-hour chart, there is a support level at 17.60, which, if violated, would cause prices to drop to 17.36. In the upper region, resistance lies at 18.31. The next price resistance is at 18.77. RSI (Relative Strength Index) is 45.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 37.91%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
