In a filing, Flywire Corporation revealed its General Counsel and CCO Butterfield Peter unloaded Company’s shares for reported $0.19 million on Feb 22. In the deal valued at $24.08 per share,7,862 shares were sold. As a result of this transaction, Butterfield Peter now holds 68,458 shares worth roughly $ 1.66 million.
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Then, Ellis Michael G sold 6,500 shares, generating $170,482 in total proceeds. Upon selling the shares at $26.23, the Chief Financial Officer now owns 105,246 shares.
Before that, Massaro Michael sold 4,166 shares. Flywire Corporation shares valued at $109,601 were divested by the Chief Executive Officer at a price of $26.31 per share. As a result of the transaction, Massaro Michael now holds 1,027,642 shares, worth roughly $24.93 million.
Morgan Stanley initiated its Flywire Corporation [FLYW] rating to an Equal-weight in a research note published on Friday, January 23, 2023; the price target was $26. PT values the company’s stock at a premium of 6.69 to its Friday closing price. A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. Truist began covering FLYW with “Buy” recommendation on September 23, 2022. Goldman revised its rating on July 14, 2022. It rated FLYW as “a Buy” which previously was an “a Neutral”.
Price Performance Review of FLYW
On Friday, Flywire Corporation [NASDAQ:FLYW] saw its stock fall -1.54% to $24.26. On the same session, the stock had its day’s lowest price of $23.74, but rose to a high of $24.29. Over the last five days, the stock has gained 1.13%. Flywire Corporation shares have fallen nearly -0.86% since the year began. Nevertheless, the stocks have fallen -1.78% over the past one year. While a 52-week high of $32.88 was reached on 02/02/23, a 52-week low of $14.56 was recorded on 01/03/23. SMA at 50 days reached $24.89, while 200 days put it at $22.52. A total of 0.67 million shares were traded, compared to the trading of 0.55 million shares in the previous session.
Levels Of Support And Resistance For FLYW Stock
The 24-hour chart illustrates a support level at 23.90, which if violated will result in even more drops to 23.55. On the upside, there is a resistance level at 24.45. A further resistance level may holdings at 24.65. The Relative Strength Index (RSI) on the 14-day chart is 42.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.94%. Stochastics %K at 22.22% indicates the stock is a holding.
How much short interest is there in Flywire Corporation?
A steep rise in short interest was recorded in Flywire Corporation stocks on Jan 30, 2023, dropping by -0.76 million shares to a total of 3.29 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 4.05 million shares. There was a decline of -23.1%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.66% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.36.
Flywire Corporation [FLYW] – Who Are The Largest Shareholders?
In filings from Temasek Holdings Pte Ltd., it is revealed that the company now owns 10,635,573 shares, or roughly 10.19% of the outstanding FLYW shares. Additionally, The Vanguard Group, Inc. increased 9.56% of its stake after which the total value it holdings stand at $211,126,527, while AllianceBernstein LP added 9.36% of its stake to hold $154.0 million in the firm. Over the last quarter, Eventide Asset Management LLC purchased 2,224,921 shares of Flywire Corporation, while BlackRock Fund Advisors bought 880,334 shares. At present, Millennium Management LLC is holding 2,566,268 shares valued at $69.21 million. Adage Capital Management LP owned 2,393,496 shares of the company at the time of its most recent 13F filing, worth $64.55 million.
The most recent change occurred on June 10, 2022 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $24 price target.