Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Wingstop Inc shares valued at $86,284 were sold by Kapoor Raj on Dec 12 ’24. At $324.38 per share, Kapoor Raj sold 266 shares. The insider’s holdings dropped to 266 shares worth approximately $70495.31999999999 following the completion of this transaction.
Also, Kapoor Raj purchased 266 shares, netting a total of over 86,284 in proceeds.
Before that, Upshaw Donnie had sold 3,199 shares from its account. In a trade valued at $1,192,302, the SVP Corp Restaurants & CPO traded Wingstop Inc shares for $372.71 each. Upon closing the transaction, the insider’s holdings decreased to 3,199 shares, worth approximately $25706.94.
As published in a research note from Morgan Stanley on January 21, 2025, Wingstop Inc [WING] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $389 from $385. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of November 01, 2024, Northcoast has increased its “Neutral” rating to a “Buy” for WING. Earlier on October 31, 2024, The Benchmark Company upgraded its rating. Their new recommendation was “a Buy” for WING stock which previously was a “a Hold”.
Analyzing WING Stock Performance
During the last five days, there has been a drop of approximately -11.61%. Over the course of the year, Wingstop Inc shares have dropped approximately -6.75%. Shares of the company reached a 52-week high of $316.00 on 02/10/25 and a 52-week low of $258.50 on 02/19/25. A 50-day SMA is recorded $296.39, while a 200-day SMA reached $358.94. Nevertheless, trading volume fell to 3.65 million shares from 1.58 million shares the previous day.
Support And Resistance Levels for Wingstop Inc (WING)
According to the 24-hour chart, there is a support level at 256.04, which, if violated, would cause prices to drop to 247.06. In the upper region, resistance lies at 276.47. The next price resistance is at 287.91. RSI (Relative Strength Index) is 33.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.45, which suggests the price will decrease in the coming days. Percent R is at 88.67%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
