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. Warby Parker Inc shares valued at $635,000 were purchased by Warby Parker Impact Foundation on Nov 14 ’24. At $21.34 per share, Warby Parker Impact Foundation acquired 29,762 shares.
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Also, Miller Steven Clive sold 6,763 shares, netting a total of over 94,006 in proceeds. Following the sale of shares at $13.90 each, the insider now holds 177,488 shares.
Before that, STEVE MILLER had added 6,763 shares to its account. In a trade valued at $93,870, the Officer bought Warby Parker Inc shares for $13.88 each.
As published in a research note from Telsey Advisory Group on November 19, 2024, Warby Parker Inc [WRBY] has been retained to an Outperform and the price target has been revised to $26. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early November. As of November 07, 2024, William Blair has increased its “Mkt perform” rating to a “an Outperform” for WRBY. Earlier on October 21, 2024, Goldman upgraded its rating. Their new recommendation was “a Buy” for WRBY stock which previously was a “a Neutral”.
Analyzing WRBY Stock Performance
During the last five days, there has been a surge of approximately 10.18%. Over the course of the year, Warby Parker Inc shares have jumped approximately 65.04%. Shares of the company reached a 52-week high of $23.39 on 11/19/24 and a 52-week low of $11.35 on 03/14/24. A 50-day SMA is recorded $17.19, while a 200-day SMA reached $15.14. Nevertheless, trading volume fell to 1.31 million shares from 1.84 million shares the previous day.
Support And Resistance Levels for Warby Parker Inc (WRBY)
According to the 24-hour chart, there is a support level at 22.86, which, if violated, would cause prices to drop to 22.45. In the upper region, resistance lies at 23.52. The next price resistance is at 23.77. RSI (Relative Strength Index) is 85.60 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.62, which suggests the price will increase in the coming days. Percent R is at 1.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
