Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Workiva Inc shares valued at $205,971 were sold by Hawkins Michael D. on Sep 13 ’24. At $74.60 per share, Hawkins Michael D. sold 2,761 shares. The insider’s holdings dropped to 49,887 shares worth approximately $4.37 million following the completion of this transaction.
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Also, VANDERPLOEG MARTIN J. purchased 4,000 shares, netting a total of over 280,243 in proceeds. Following the buying of shares at $70.06 each, the insider now holds 345,869 shares.
Before that, MICHAEL D. HAWKINS had added 2,761 shares to its account. In a trade valued at $205,978, the Officer bought Workiva Inc shares for $74.60 each.
As published in their initiating research note from Wolfe Research on August 28, 2023, Workiva Inc [WK] has been an Outperform and the price target has been revised to $120. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of September 01, 2022, Citigroup has initiated its “Buy” rating for WK. Earlier on May 04, 2022, Stifel downgraded its rating. Their new recommendation was “a Hold” for WK stock which previously was a “a Buy”.
Analyzing WK Stock Performance
During the last five days, there has been a surge of approximately 8.84%. Over the course of the year, Workiva Inc shares have dropped approximately -13.69%. Shares of the company reached a 52-week high of $100.12 on 01/24/24 and a 52-week low of $65.47 on 08/02/24. A 50-day SMA is recorded $78.11, while a 200-day SMA reached $79.95. Nevertheless, trading volume fell to 1.05 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for Workiva Inc (WK)
According to the 24-hour chart, there is a support level at 85.51, which, if violated, would cause prices to drop to 83.39. In the upper region, resistance lies at 88.86. The next price resistance is at 90.09. RSI (Relative Strength Index) is 73.49 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.21, which suggests the price will increase in the coming days. Percent R is at 3.24%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
