Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Williams-Sonoma, Inc shares valued at $5,219,559 were sold by ALBER LAURA on Nov 15 ’24. At $130.49 per share, ALBER LAURA sold 40,000 shares. The insider’s holdings dropped to 990,956 shares worth approximately $170.93 million following the completion of this transaction.
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Also, ALBER LAURA purchased 40,000 shares, netting a total of over 5,217,797 in proceeds.
Before that, ALBER LAURA had sold 40,000 shares from its account. In a trade valued at $5,810,605, the PRESIDENT & CEO traded Williams-Sonoma, Inc shares for $145.27 each. Upon closing the transaction, the insider’s holdings decreased to 40,000 shares, worth approximately $177.83 million.
As published in a research note from Telsey Advisory Group on November 21, 2024, Williams-Sonoma, Inc [WSM] has been retained to an Outperform and the price target has been revised to $190. Analysts at Wedbush downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of September 11, 2024, Jefferies has increased its “Hold” rating to a “Buy” for WSM. Earlier on August 23, 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 surge of approximately 31.85%. Over the course of the year, Williams-Sonoma, Inc shares have jumped approximately 70.97%. Shares of the company reached a 52-week high of $181.42 on 11/20/24 and a 52-week low of $95.76 on 02/01/24. A 50-day SMA is recorded $143.07, while a 200-day SMA reached $141.88. Nevertheless, trading volume fell to 3.25 million shares from 8.43 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 169.09, which, if violated, would cause prices to drop to 165.70. In the upper region, resistance lies at 176.19. The next price resistance is at 179.90. RSI (Relative Strength Index) is 77.08 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 23.60, which suggests the price will increase in the coming days. Percent R is at 15.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
