Warby Parker Inc’s filing revealed that its Chief Financial Officer Miller Steven Clive unloaded Company’s shares for reported $0.17 million on Dec 11 ’24. In the deal valued at $23.85 per share,7,016 shares were sold. As a result of this transaction, Miller Steven Clive now holds 182,130 shares worth roughly $4.4 million.
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Then, Gilboa David Abraham sold 304,947 shares, generating $7,166,254 in total proceeds. Upon selling the shares at $23.50, the Co-Chief Executive Officer now owns 12,306 shares.
Before that, Gilboa David Abraham sold 54,000 shares. Warby Parker Inc shares valued at $1,287,360 were divested by the Co-Chief Executive Officer at a price of $23.84 per share. As a result of the transaction, Gilboa David Abraham now holds 12,306 shares, worth roughly $0.3 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 jump 2.33% to $24.18. Over the last five days, the stock has gained 2.89%. Warby Parker Inc shares have risen nearly 71.49% since the year began. Nevertheless, the stocks have risen 98.20% over the past one year. While a 52-week high of $24.71 was reached on 12/13/24, a 52-week low of $11.35 was recorded on 03/14/24. SMA at 50 days reached $19.98, while 200 days put it at $15.95.
Levels Of Support And Resistance For WRBY Stock
The 24-hour chart illustrates a support level at 23.76, which if violated will result in even more drops to 23.34. On the upside, there is a resistance level at 24.54. A further resistance level may holdings at 24.90. The Relative Strength Index (RSI) on the 14-day chart is 67.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.86%. Stochastics %K at 71.15% 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 2024-11-29, dropping by -0.4 million shares to a total of 13.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 14.09 million shares. There was a decline of -2.88%, which implies that there is a negative sentiment for the stock.
