Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Warner Music Group Corp shares valued at $40,248 were sold by Matusch Timothy on Feb 14 ’25. At $36.49 per share, Matusch Timothy sold 1,103 shares. The insider’s holdings dropped to 88,649 shares worth approximately $3.14 million following the completion of this transaction.
Also, Osherova Maria sold 6,553 shares, netting a total of over 222,147 in proceeds. Following the sale of shares at $33.90 each, the insider now holds 44,699 shares.
Before that, Matusch Timothy had added 1,103 shares to its account. In a trade valued at $40,248, the Officer bought Warner Music Group Corp shares for $36.49 each.
As published in a research note from Citigroup on February 14, 2025, Warner Music Group Corp [WMG] has been rated up from a Neutral to a Buy and the price target has been revised to $42 from $34. Analysts at Guggenheim resumed the stock at ‘”a Buy”‘ outlook in a report released in early January. As of October 04, 2024, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for WMG. Earlier on July 12, 2024, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for WMG stock.
Analyzing WMG Stock Performance
During the last five days, there has been a surge of approximately 5.25%. Over the course of the year, Warner Music Group Corp shares have jumped approximately 14.39%. Shares of the company reached a 52-week high of $36.64 on 02/14/25 and a 52-week low of $28.73 on 01/10/25. A 50-day SMA is recorded $31.73, while a 200-day SMA reached $31.07. Nevertheless, trading volume fell to 1.23 million shares from 1.53 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 35.20, which, if violated, would cause prices to drop to 34.95. In the upper region, resistance lies at 35.71. The next price resistance is at 35.97. RSI (Relative Strength Index) is 70.55 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.36, which suggests the price will increase in the coming days. Percent R is at 17.54%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
