Warby Parker Inc’s recently made public that its Director NEIL BLUMENTHAL acquired Company’s shares for reported $1.19 million on Dec 09 ’24. In the deal valued at $23.79 per share,50,000 shares were bought.
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Then, Blumenthal Neil Harris sold 36,163 shares, generating $817,645 in total proceeds. Upon selling the shares at $22.61, the Co-Chief Executive Officer now owns 12,177 shares.
Before that, Miller Steven Clive sold 14,853 shares. Warby Parker Inc shares valued at $335,826 were divested by the Chief Financial Officer at a price of $22.61 per share. As a result of the transaction, Miller Steven Clive now holds 189,146 shares, worth roughly $4.44 million.
Telsey Advisory Group reiterated its Warby Parker Inc [WRBY] rating to an Outperform in a research note published on November 19, 2024; the price target was $26. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early November has reiterated a ‘”an Outperform”‘ rating for it. William Blair also remained covering WRBY and has increased its forecast on November 07, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Goldman revised its rating on October 21, 2024. It rated WRBY as “a Buy” which previously was an “a Neutral”.
Price Performance Review of WRBY
On Monday, Warby Parker Inc [NYSE:WRBY] saw its stock fall -1.22% to $23.50. Over the last five days, the stock has gained 6.72%. Warby Parker Inc shares have risen nearly 66.67% since the year began. Nevertheless, the stocks have risen 113.64% over the past one year. While a 52-week high of $24.60 was reached on 11/27/24, a 52-week low of $10.28 was recorded on 03/14/24. SMA at 50 days reached $19.18, while 200 days put it at $15.69.
Levels Of Support And Resistance For WRBY Stock
The 24-hour chart illustrates a support level at 23.25, which if violated will result in even more drops to 23.01. On the upside, there is a resistance level at 23.97. A further resistance level may holdings at 24.45. The Relative Strength Index (RSI) on the 14-day chart is 64.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.74%. Stochastics %K at 65.58% indicates the stock is a holding.
How much short interest is there in Warby Parker Inc?
A steep rise in short interest was recorded in Warby Parker Inc stocks on 2024-11-15, dropping by -1.7 million shares to a total of 12.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 14.58 million shares. There was a decline of -13.19%, which implies that there is a negative sentiment for the stock.
