Warner Music Group Corp’s recently made public that its Director Blavatnik Valentin unloaded Company’s shares for reported $1.0 million on Feb 20 ’25. In the deal valued at $35.45 per share,28,230 shares were sold. As a result of this transaction, Blavatnik Valentin now holds 68,264 shares worth roughly $2.38 million.
Then, Matusch Timothy sold 1,103 shares, generating $40,248 in total proceeds. Upon selling the shares at $36.49, the EVP Strategy & Operations now owns 88,649 shares.
Before that, Osherova Maria sold 6,553 shares. Warner Music Group Corp shares valued at $222,147 were divested by the EVP, Chief Human Res. Officer at a price of $33.90 per share. As a result of the transaction, Osherova Maria now holds 44,699 shares, worth roughly $1.56 million.
Citigroup upgraded its Warner Music Group Corp [WMG] rating to a Buy from a a Neutral in a research note published on February 14, 2025; the price target was increased to $42 from $34. A number of analysts have revised their coverage, including Guggenheim’s analysts, who remained covering the stock and in early January has reiterated a ‘”a Buy”‘ rating for it. BofA Securities also remained covering WMG and has decreased its forecast on October 04, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Wolfe Research started covering the stock on July 12, 2024. It rated WMG as “an Outperform”.
Price Performance Review of WMG
On Tuesday, Warner Music Group Corp [NASDAQ:WMG] saw its stock fall -2.22% to $34.80. Over the last five days, the stock has lost -3.05%. Warner Music Group Corp shares have risen nearly 12.26% since the year began. Nevertheless, the stocks have risen 0.69% over the past one year. While a 52-week high of $36.64 was reached on 02/14/25, a 52-week low of $27.06 was recorded on 01/10/25. SMA at 50 days reached $31.99, while 200 days put it at $31.08.
Levels Of Support And Resistance For WMG Stock
The 24-hour chart illustrates a support level at 34.33, which if violated will result in even more drops to 33.86. On the upside, there is a resistance level at 35.63. A further resistance level may holdings at 36.47. The Relative Strength Index (RSI) on the 14-day chart is 60.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.35%. Stochastics %K at 78.84% indicates the stock is a holding.
