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. Wingstop Inc shares valued at $1,192,302 were sold by Upshaw Donnie on Aug 08 ’24. At $372.71 per share, Upshaw Donnie sold 3,199 shares. The insider’s holdings dropped to 97 shares worth approximately $27905.93 following the completion of this transaction.
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Also, Upshaw Donnie purchased 3,199 shares, netting a total of over 1,192,302 in proceeds.
Before that, Madati Kilandigalu had sold 645 shares from its account. In a trade valued at $255,249, the Director traded Wingstop Inc shares for $395.74 each. Upon closing the transaction, the insider’s holdings decreased to 645 shares, worth approximately $1.48 million.
As published in a research note from The Benchmark Company on October 31, 2024, Wingstop Inc [WING] has been rated up from a Hold to a Buy and the price target has been revised to $340. Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of August 01, 2024, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for WING. Earlier on July 01, 2024, Truist resumed its rating. Their recommendation was “a Hold” for WING stock.
Analyzing WING Stock Performance
During the last five days, there has been a drop of approximately -19.92%. Over the course of the year, Wingstop Inc shares have jumped approximately 12.12%. Shares of the company reached a 52-week high of $433.86 on 09/24/24 and a 52-week low of $241.78 on 01/04/24. A 50-day SMA is recorded $390.19, while a 200-day SMA reached $369.82. Nevertheless, trading volume fell to 1.26 million shares from 2.97 million shares the previous day.
Support And Resistance Levels for Wingstop Inc (WING)
According to the 24-hour chart, there is a support level at 282.37, which, if violated, would cause prices to drop to 277.05. In the upper region, resistance lies at 298.19. The next price resistance is at 308.70. RSI (Relative Strength Index) is 17.73 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -45.18, which suggests the price will decrease in the coming days. Percent R is at 99.72%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
