Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Williams-Sonoma, Inc shares valued at $5,810,605 were sold by ALBER LAURA on Sep 16 ’24. At $145.27 per share, ALBER LAURA sold 40,000 shares. The insider’s holdings dropped to 1,030,956 shares worth approximately $138.06 million following the completion of this transaction.
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Also, ALBER LAURA purchased 40,000 shares, netting a total of over 5,808,756 in proceeds.
Before that, Smith Karalyn had sold 11,100 shares from its account. In a trade valued at $1,494,726, the EVP CHIEF TALENT OFFICER traded Williams-Sonoma, Inc shares for $134.66 each. Upon closing the transaction, the insider’s holdings decreased to 11,100 shares, worth approximately $2.03 million.
As published in a research note from Wedbush on October 30, 2024, Williams-Sonoma, Inc [WSM] has been rated down from an Outperform to a Neutral and the price target has been revised to $135 from $150. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid September. As of August 23, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for WSM. Earlier on July 12, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for WSM stock.
Analyzing WSM Stock Performance
During the last five days, there has been a drop of approximately -0.16%. Over the course of the year, Williams-Sonoma, Inc shares have jumped approximately 32.73%. Shares of the company reached a 52-week high of $174.26 on 05/22/24 and a 52-week low of $95.76 on 02/01/24. A 50-day SMA is recorded $141.53, while a 200-day SMA reached $139.94. Nevertheless, trading volume fell to 2.49 million shares from 4.63 million shares the previous day.
Support And Resistance Levels for Williams-Sonoma, Inc (WSM)
According to the 24-hour chart, there is a support level at 129.88, which, if violated, would cause prices to drop to 125.86. In the upper region, resistance lies at 136.31. The next price resistance is at 138.72. RSI (Relative Strength Index) is 42.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.08, which suggests the price will decrease in the coming days. Percent R is at 55.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
