Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. WisdomTree Inc shares valued at $34,020,000 were sold by ETFS Capital Limited. on Dec 02 ’24. At $11.34 per share, ETFS Capital Limited. sold 3,000,000 shares. The insider’s holdings dropped to 12,250,000 shares worth approximately $128.62 million following the completion of this transaction.
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Also, Ziemba Peter M sold 100,000 shares, netting a total of over 1,142,960 in proceeds. Following the sale of shares at $11.43 each, the insider now holds 948,386 shares.
Before that, Ziemba Peter M had added 100,000 shares to its account. In a trade valued at $1,147,000, the Officer bought WisdomTree Inc shares for $11.47 each.
As published in a research note from Northland Capital on April 03, 2024, WisdomTree Inc [WT] has been rated up from a Market perform to an Outperform and the price target has been revised to $12. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of December 28, 2023, Northcoast has increased its “Neutral” rating to a “Buy” for WT. Earlier on October 11, 2023, UBS initiated its rating. Their recommendation was “a Buy” for WT stock.
Analyzing WT Stock Performance
Over the course of the year, WisdomTree Inc shares have jumped approximately 51.52%. Shares of the company reached a 52-week high of $12.45 on 11/25/24 and a 52-week low of $6.57 on 01/04/24. A 50-day SMA is recorded $11.06, while a 200-day SMA reached $10.08. Nevertheless, trading volume fell to 1.0 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for WisdomTree Inc (WT)
According to the 24-hour chart, there is a support level at 10.42, which, if violated, would cause prices to drop to 10.35. In the upper region, resistance lies at 10.56. The next price resistance is at 10.62. RSI (Relative Strength Index) is 39.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.39, which suggests the price will decrease in the coming days. Percent R is at 87.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
