Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. WisdomTree Inc shares valued at $1,142,960 were sold by Ziemba Peter M on Nov 15 ’24. At $11.43 per share, Ziemba Peter M sold 100,000 shares. The insider’s holdings dropped to 948,386 shares worth approximately $11.12 million following the completion of this transaction.
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Also, Ziemba Peter M purchased 100,000 shares, netting a total of over 1,147,000 in proceeds.
Before that, Steinberg Jonathan L had added 67,869 shares to its account. In a trade valued at $735,652, the Chief Executive Officer bought WisdomTree Inc shares for $10.84 each. Upon closing the transaction, the insider’s holdings increased to 67,869 shares, worth approximately $108.39 million.
As published in a research note from Northland Capital on April 03, 2024, WisdomTree Inc [WT] has been rated up from a Market perform to an Outperform and the price target has been revised to $12. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of December 28, 2023, Northcoast has increased its “Neutral” rating to a “Buy” for WT. Earlier on October 11, 2023, UBS initiated its rating. Their recommendation was “a Buy” for WT stock.
Analyzing WT Stock Performance
During the last five days, there has been a surge of approximately 3.53%. Over the course of the year, WisdomTree Inc shares have jumped approximately 69.26%. Shares of the company reached a 52-week high of $12.02 on 08/01/24 and a 52-week low of $6.57 on 01/04/24. A 50-day SMA is recorded $10.36, while a 200-day SMA reached $9.62. Nevertheless, trading volume fell to 1.16 million shares from 1.22 million shares the previous day.
Support And Resistance Levels for WisdomTree Inc (WT)
According to the 24-hour chart, there is a support level at 11.50, which, if violated, would cause prices to drop to 11.27. In the upper region, resistance lies at 11.84. The next price resistance is at 11.96. RSI (Relative Strength Index) is 71.23 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.56, which suggests the price will decrease in the coming days. Percent R is at 0.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
