Insider Selling: ORTALE BUFORD H, Waitr Holdings Inc. [WTRH] Director divested 97,595 shares

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Waitr Holdings Inc. shares valued at $23,598 were sold by ORTALE BUFORD H on Sep 01. At $0.24 per share, ORTALE BUFORD H sold 97,595 shares. The insider’s holdings dropped to 320,192 shares worth approximately $51230.72 following the completion of this transaction.

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Also, ORTALE BUFORD H sold 168,518 shares, netting a total of over 43,174 in proceeds. Following the sale of shares at $0.26 each, the insider now holds 417,787 shares.

Before that, Green Jonathan had sold 238,980 shares from its account. In a trade valued at $36,325, the Director traded Waitr Holdings Inc. shares for $0.15 each. Upon closing the transaction, the insider’s holdings decreased to 238,980 shares, worth approximately $0.0.

As published in a research note from The Benchmark Company on August 10, 2021, Waitr Holdings Inc. [WTRH] has been retained to a Buy and the price target has been revised to $4. This represents a 96.0% premium over Thursday’s closing price. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of March 08, 2021, Deutsche Bank has increased its “Hold” rating to a “Buy” for WTRH. Earlier on July 22, 2020, B. Riley FBR initiated its rating. Their recommendation was “a Buy” for WTRH stock.

Analyzing WTRH’s Price Performance

On Thursday, Waitr Holdings Inc. [NASDAQ: WTRH] rose 2.50% to $0.16. The stock’s lowest price that day was $0.153, but it reached a high of $0.1689 in the same session. During the last five days, there has been a drop of approximately -21.00%. Over the course of the year, Waitr Holdings Inc. shares have dropped approximately -77.84%. Shares of the company reached a 52-week high of $0.7881 on 01/03/22 and a 52-week low of $0.1381 on 06/16/22. A 50-day SMA is recorded $0.2865, while a 200-day SMA reached $0.3898. Nevertheless, trading volume fell to 2.87 million shares from 4.55 million shares the previous day.

Support And Resistance Levels for Waitr Holdings Inc. (WTRH)

According to the 24-hour chart, there is a support level at 0.1550, which, if violated, would cause prices to drop to 0.1461. In the upper region, resistance lies at 0.1709. The next price resistance is at 0.1779. RSI (Relative Strength Index) is 30.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0344, which suggests the price will decrease in the coming days. Percent R is at 87.60%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Waitr Holdings Inc. subject to short interest?

Stocks of Waitr Holdings Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 8.96 million shares to 18.07 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 9.11 million shares. A jump of 49.58% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 0.88 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.88.

Which companies own the most shares of Waitr Holdings Inc. (WTRH)?

According to Luxor Capital Group LP filings, the company currently owns 27,000,000 shares, which is about 14.15% of the total WTRH shares outstanding. The investor’s shares have appreciated by 25,380,112 from its previous 13-F filing of 1619888.0 shares. A total of -128,712 shares of Waitr Holdings Inc. were sold by Morgan Stanley & Co. LLC during the quarter, and -34,945 were sold by Geode Capital Management LLC. In its current portfolio, Renaissance Technologies LLC holds 814,800 shares valued at $0.21 million.


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