Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Williams-Sonoma, Inc shares valued at $560,562 were sold by Howie Jeffrey on Dec 02 ’24. At $177.39 per share, Howie Jeffrey sold 3,160 shares. The insider’s holdings dropped to 46,388 shares worth approximately $8.67 million following the completion of this transaction.
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Also, Jeffrey Howie purchased 3,160 shares, netting a total of over 562,290 in proceeds.
Before that, ALBER LAURA had sold 40,000 shares from its account. In a trade valued at $5,219,559, the PRESIDENT & CEO traded Williams-Sonoma, Inc shares for $130.49 each. Upon closing the transaction, the insider’s holdings decreased to 40,000 shares, worth approximately $185.3 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 7.47%. Over the course of the year, Williams-Sonoma, Inc shares have jumped approximately 85.34%. Shares of the company reached a 52-week high of $187.38 on 12/04/24 and a 52-week low of $95.76 on 02/01/24. A 50-day SMA is recorded $147.55, while a 200-day SMA reached $144.50. Nevertheless, trading volume fell to 2.25 million shares from 34468.0 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 183.17, which, if violated, would cause prices to drop to 179.34. In the upper region, resistance lies at 189.10. The next price resistance is at 191.20. RSI (Relative Strength Index) is 77.75 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 18.28, which suggests the price will increase in the coming days. Percent R is at 0.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
