Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Warner Music Group Corp shares valued at $1,083,600 were sold by Benet Lincoln E on Dec 20 ’24. At $30.96 per share, Benet Lincoln E sold 35,000 shares. The insider’s holdings dropped to 242,360 shares worth approximately $7.33 million following the completion of this transaction.
Also, MAX GEORGE LOUSADA purchased 385,475 shares, netting a total of over 12,519,033 in proceeds.
Before that, MAX GEORGE LOUSADA had added 458,534 shares to its account. In a trade valued at $14,772,315, the Affiliate bought Warner Music Group Corp shares for $32.22 each.
As published in a research note from Guggenheim on January 08, 2025, Warner Music Group Corp [WMG] has been retained to a Buy and the price target has been revised to $40. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early October. As of July 12, 2024, Wolfe Research has initiated its “an Outperform” rating for WMG.
Analyzing WMG Stock Performance
During the last five days, there has been a surge of approximately 2.13%. Over the course of the year, Warner Music Group Corp shares have dropped approximately -2.48%. Shares of the company reached a 52-week high of $31.54 on 01/02/25 and a 52-week low of $28.73 on 01/10/25. A 50-day SMA is recorded $31.65, while a 200-day SMA reached $31.12. Nevertheless, trading volume fell to 0.9 million shares from 1.55 million shares the previous day.
Support And Resistance Levels for Warner Music Group Corp (WMG)
According to the 24-hour chart, there is a support level at 29.96, which, if violated, would cause prices to drop to 29.68. In the upper region, resistance lies at 30.44. The next price resistance is at 30.64. RSI (Relative Strength Index) is 43.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 46.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
