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 $817,645 were sold by Blumenthal Neil Harris on Dec 03 ’24. At $22.61 per share, Blumenthal Neil Harris sold 36,163 shares. The insider’s holdings dropped to 12,177 shares worth approximately $0.28 million following the completion of this transaction.
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Also, Miller Steven Clive sold 14,853 shares, netting a total of over 335,826 in proceeds. Following the sale of shares at $22.61 each, the insider now holds 189,146 shares.
Before that, Gilboa David Abraham had sold 36,163 shares from its account. In a trade valued at $817,645, the Co-Chief Executive Officer traded Warby Parker Inc shares for $22.61 each. Upon closing the transaction, the insider’s holdings decreased to 36,163 shares, worth approximately $0.29 million.
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 1.57%. Over the course of the year, Warby Parker Inc shares have jumped approximately 64.96%. Shares of the company reached a 52-week high of $24.60 on 11/27/24 and a 52-week low of $11.35 on 03/14/24. A 50-day SMA is recorded $18.87, while a 200-day SMA reached $15.60. Nevertheless, trading volume fell to 1.02 million shares from 0.2 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 23.02, which, if violated, would cause prices to drop to 22.79. In the upper region, resistance lies at 23.55. The next price resistance is at 23.84. RSI (Relative Strength Index) is 64.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 37.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
