The memetic stock has been gaining momentum for some time now. Outdoor grill Weber (New York Stock Exchange: WEBR) will go public in August 2021 and offer accessories, gas grills and consumables. No company-specific news, but investors are jumping on his WEBR stock. market watch.
Shares surged more than 10% on Wednesday’s close and rose another 5.1% in last-minute pre-market trading in anticipation of investors short-squeezing the stock.
Website visit data reflects upward trend
An upward trend was confirmed using the website traffic tool. Over the past three months, total visits to weber.com have trended upward on a global basis, with significant increases of 42.2%, 32.03%, and 16.52% in March, April, and May, respectively. .
The increase in website traffic may be due to a number of factors, including the increasing popularity of the company’s products and the subsequent increase in customer demand.
How to see Wall Street
Overall, this stock has a Hold Consensus Rating based on 6 unanimous holds. This comes after his Weber stock has fallen 27.48% of his over the past six months. Weber’s average price target of $7.70 means his 10.78% drop from current levels is possible.
Weber received a 5 out of 10 Smart Score ranking on TipRanks. This indicates that the stock is likely to perform in line with the market average.
Conclusion
With a diverse product portfolio and a strong outlook for the year ahead, Weber is gaining popularity. Nevertheless, his cautious approach to investing and vigilance of his website trends, as seen in his Website Traffic Tool on TipRanks, can lead to prudent investment decisions.
Disclosure
