Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Warby Parker Inc shares valued at $1,380,500 were sold by Blumenthal Neil Harris on Jan 30 ’25. At $27.61 per share, Blumenthal Neil Harris sold 50,000 shares. The insider’s holdings dropped to 12,177 shares worth approximately $0.31 million following the completion of this transaction.
Also, Sulzberger Gabrielle purchased 36,942 shares, netting a total of over 978,963 in proceeds.
Before that, Blumenthal Neil Harris had sold 300,000 shares from its account. In a trade valued at $7,542,000, the Co-Chief Executive Officer traded Warby Parker Inc shares for $25.14 each. Upon closing the transaction, the insider’s holdings decreased to 300,000 shares, worth approximately $0.31 million.
As published in a research note from Citigroup on February 05, 2025, Warby Parker Inc [WRBY] has been rated down from a Neutral to a Sell and the price target has been revised to $23 from $19. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in mid January. As of November 19, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for WRBY. Earlier on November 08, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for WRBY stock.
Analyzing WRBY Stock Performance
During the last five days, there has been a drop of approximately -3.32%. Over the course of the year, Warby Parker Inc shares have jumped approximately 4.50%. Shares of the company reached a 52-week high of $28.68 on 01/31/25 and a 52-week low of $24.24 on 01/17/25. A 50-day SMA is recorded $25.48, while a 200-day SMA reached $18.78. Nevertheless, trading volume fell to 1.24 million shares from 1.28 million shares the previous day.
Support And Resistance Levels for Warby Parker Inc (WRBY)
According to the 24-hour chart, there is a support level at 24.83, which, if violated, would cause prices to drop to 24.36. In the upper region, resistance lies at 25.92. The next price resistance is at 26.55. RSI (Relative Strength Index) is 45.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.95, which suggests the price will decrease in the coming days. Percent R is at 83.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
