Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $32193.329999999998 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 $1.71 million.
As published in a research note from Northcoast on November 01, 2024, Wingstop Inc [WING] has been rated up from a Neutral to a Buy and the price target has been revised to $350. Analysts at The Benchmark Company upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of October 31, 2024, BTIG Research has increased its “Neutral” rating to a “Buy” for WING. Earlier on August 01, 2024, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for WING stock which previously was a “a Mkt perform”.
Analyzing WING Stock Performance
During the last five days, there has been a surge of approximately 15.36%. Over the course of the year, Wingstop Inc shares have jumped approximately 29.35%. 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 $381.45, while a 200-day SMA reached $370.58. Nevertheless, trading volume fell to 1.0 million shares from 0.88 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 321.71, which, if violated, would cause prices to drop to 311.52. In the upper region, resistance lies at 337.88. The next price resistance is at 343.87. RSI (Relative Strength Index) is 41.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -16.00, which suggests the price will decrease in the coming days. Percent R is at 47.46%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
