The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Wendy’s Co shares valued at $496,089 were sold by Mathews-Spradlin Mich J on Nov 07 ’24. At $20.28 per share, Mathews-Spradlin Mich J sold 24,462 shares. The insider’s holdings dropped to 63,789 shares worth approximately $0.95 million following the completion of this transaction.
Also, Esposito Liliana sold 52,009 shares, netting a total of over 1,020,937 in proceeds. Following the sale of shares at $19.63 each, the insider now holds 83,492 shares.
Before that, Michelle Mathews-Spradlin had added 24,462 shares to its account. In a trade valued at $496,089, the Director bought Wendy’s Co shares for $20.28 each.
As published in their initiating research note from Goldman on June 13, 2024, Wendy’s Co [WEN] has been a Sell and the price target has been revised to $16. As of February 22, 2024, Bernstein has decreased its “an Outperform” rating to a “Mkt perform” for WEN. Earlier on February 21, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for WEN stock which previously was a “an Overweight”.
Analyzing WEN Stock Performance
During the last five days, there has been a drop of approximately -2.17%. Over the course of the year, Wendy’s Co shares have dropped approximately -8.90%. Shares of the company reached a 52-week high of $16.48 on 01/02/25 and a 52-week low of $14.73 on 01/16/25. A 50-day SMA is recorded $17.35, while a 200-day SMA reached $17.69. Nevertheless, trading volume fell to 4.48 million shares from 3.14 million shares the previous day.
Support And Resistance Levels for Wendy’s Co (WEN)
According to the 24-hour chart, there is a support level at 14.70, which, if violated, would cause prices to drop to 14.55. In the upper region, resistance lies at 15.03. The next price resistance is at 15.22. RSI (Relative Strength Index) is 20.90 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.63, which suggests the price will decrease in the coming days. Percent R is at 93.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
