Warner Music Group Corp’s recently made public that its Director Benet Lincoln E unloaded Company’s shares for reported $1.08 million on Dec 20 ’24. In the deal valued at $30.96 per share,35,000 shares were sold. As a result of this transaction, Benet Lincoln E now holds 242,360 shares worth roughly $7.52 million.
Then, MAX GEORGE LOUSADA bought 385,475 shares, generating $12,519,033 in total proceeds.
Before that, MAX GEORGE LOUSADA bought 458,534 shares. Warner Music Group Corp shares valued at $14,772,315 were divested by the Affiliate at a price of $32.22 per share.
BofA Securities downgraded its Warner Music Group Corp [WMG] rating to an Underperform from a a Neutral in a research note published on October 04, 2024; the price target was decreased to $30 from $33. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. Redburn Atlantic revised its rating on July 10, 2024. It rated WMG as “a Sell” which previously was an “a Neutral”.
Price Performance Review of WMG
On Tuesday, Warner Music Group Corp [NASDAQ:WMG] saw its stock jump 0.03% to $31.03. Over the last five days, the stock has gained 0.23%. Warner Music Group Corp shares have risen nearly 0.10% since the year began. Nevertheless, the stocks have fallen -9.00% over the past one year. While a 52-week high of $38.05 was reached on 01/02/25, a 52-week low of $27.06 was recorded on 01/07/25. SMA at 50 days reached $32.08, while 200 days put it at $31.26.
Levels Of Support And Resistance For WMG Stock
The 24-hour chart illustrates a support level at 30.55, which if violated will result in even more drops to 30.06. On the upside, there is a resistance level at 31.50. A further resistance level may holdings at 31.96. The Relative Strength Index (RSI) on the 14-day chart is 42.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.77%. Stochastics %K at 19.69% indicates the stock is a buying.
How much short interest is there in Warner Music Group Corp?
A steep rise in short interest was recorded in Warner Music Group Corp stocks on 2024-10-31, dropping by -3.26 million shares to a total of 9.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.06 million shares. There was a decline of -33.3%, which implies that there is a negative sentiment for the stock.
