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Morgan Stanley upgrades WillScot Holdings Corp (WSC) stock to an Overweight

In a filing, WillScot Holdings Corp revealed its Chief Information Officer Parkes Graeme unloaded Company’s shares for reported $0.11 million on Dec 11 ’24. In the deal valued at $37.01 per share,2,900 shares were sold. As a result of this transaction, Parkes Graeme now holds 72,818 shares worth roughly $2.55 million.

Then, GRAEME PARKES bought 2,900 shares, generating $107,336 in total proceeds.

Before that, Holthaus Gerard E bought 5,000 shares. WillScot Holdings Corp shares valued at $174,956 were divested by the Director at a price of $34.99 per share. As a result of the transaction, Holthaus Gerard E now holds 411,221 shares, worth roughly $14.4 million.

Morgan Stanley upgraded its WillScot Holdings Corp [WSC] rating to an Overweight from a an Equal-weight in a research note published on December 17, 2024; the price target was increased to $50 from $40. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Hold”. Robert W. Baird also remained covering WSC and has decreased its forecast on October 24, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Barclays revised its rating on September 19, 2024. It rated WSC as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of WSC

On Tuesday, WillScot Holdings Corp [NASDAQ:WSC] saw its stock fall -0.71% to $35.02. Over the last five days, the stock has gained 2.04%. WillScot Holdings Corp shares have risen nearly 4.69% since the year began. Nevertheless, the stocks have fallen -18.99% over the past one year. While a 52-week high of $52.16 was reached on 01/13/25, a 52-week low of $32.57 was recorded on 01/02/25. SMA at 50 days reached $36.03, while 200 days put it at $38.04.

Levels Of Support And Resistance For WSC Stock

The 24-hour chart illustrates a support level at 34.42, which if violated will result in even more drops to 33.82. On the upside, there is a resistance level at 35.54. A further resistance level may holdings at 36.06. The Relative Strength Index (RSI) on the 14-day chart is 50.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.59%. Stochastics %K at 82.09% indicates the stock is a selling.

How much short interest is there in WillScot Holdings Corp?

A steep rise in short interest was recorded in WillScot Holdings Corp stocks on 2024-12-31, dropping by -0.94 million shares to a total of 11.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 12.7 million shares. There was a decline of -8.02%, which implies that there is a negative sentiment for the stock.

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