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WillScot Holdings Corp (WSC) receives a Hold rating from Deutsche Bank

WillScot Holdings Corp’s filing revealed that its Director Olsson Erik acquired Company’s shares for reported $0.18 million on Nov 15 ’24. In the deal valued at $35.34 per share,5,000 shares were bought. As a result of this transaction, Olsson Erik now holds 626,306 shares worth roughly $22.04 million.

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Then, SALLY SHANKS bought 14,059 shares, generating $487,680 in total proceeds.

Before that, SAGANSKY JEFFREY bought 5,000 shares. WillScot Holdings Corp shares valued at $171,525 were divested by the Director at a price of $34.30 per share. As a result of the transaction, SAGANSKY JEFFREY now holds 2,429,832 shares, worth roughly $85.51 million.

Deutsche Bank downgraded its WillScot Holdings Corp [WSC] rating to a Hold from a a Buy in a research note published on October 31, 2024; the price target was decreased to $35 from $46. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in late October from “an Outperform” to “a Neutral”. Barclays also remained covering WSC and has decreased its forecast on September 19, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Jefferies revised its rating on April 01, 2024. It rated WSC as “a Hold” which previously was an “a Buy”.

Price Performance Review of WSC

On Monday, WillScot Holdings Corp [NASDAQ:WSC] saw its stock jump 2.36% to $35.19. Over the last five days, the stock has lost -7.73%. WillScot Holdings Corp shares have fallen nearly -20.92% since the year began. Nevertheless, the stocks have fallen -9.35% over the past one year. While a 52-week high of $52.16 was reached on 02/12/24, a 52-week low of $32.71 was recorded on 10/31/24. SMA at 50 days reached $37.87, while 200 days put it at $40.29.

Levels Of Support And Resistance For WSC Stock

The 24-hour chart illustrates a support level at 34.50, which if violated will result in even more drops to 33.80. On the upside, there is a resistance level at 35.64. A further resistance level may holdings at 36.08. The Relative Strength Index (RSI) on the 14-day chart is 41.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.69%. Stochastics %K at 22.71% indicates the stock is a holding.

How much short interest is there in WillScot Holdings Corp?

A steep rise in short interest was recorded in WillScot Holdings Corp stocks on 2024-10-31, dropping by -1.68 million shares to a total of 13.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.12 million shares. There was a decline of -12.49%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on January 08, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $45 price target.

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