WeWork Inc. [WE] Chief Executive Officer makes an insider purchase of 25,000 shares worth 97750.0.


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. WeWork Inc. shares valued at $97,750 were purchased by MATHRANI SANDEEP on Sep 02. At $3.91 per share, MATHRANI SANDEEP acquired 25,000 shares. The insider’s holdings grew to 2,384,284 shares worth approximately $2.58 million following the completion of this transaction.

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Also, MATHRANI SANDEEP purchased 23,500 shares, netting a total of over 99,875 in proceeds. Following the buying of shares at $4.25 each, the insider now holds 2,359,284 shares.

Before that, MATHRANI SANDEEP had added 50,000 shares to its account. In a trade valued at $248,995, the Chief Executive Officer bought WeWork Inc. shares for $4.98 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $2.52 million.

As published in their initiating research note from BTIG Research on November 04, 2022, WeWork Inc. [WE] has been a Buy and the price target has been revised to $7.50. This represents a 85.6% premium over Wednesday’s closing price. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in late October. As of June 29, 2022, UBS has initiated its “Neutral” rating for WE. Earlier on June 23, 2022, Credit Suisse initiated its rating. Their recommendation was “an Outperform” for WE stock.

Analyzing WE Stock Performance

On Wednesday, WeWork Inc. [NYSE: WE] plunged -6.90% to $1.08. The stock’s lowest price that day was $1.06, but it reached a high of $1.20 in the same session. During the last five days, there has been a drop of approximately -24.48%. Over the course of the year, WeWork Inc. shares have dropped approximately -24.48%. Shares of the company reached a 52-week high of $2.3585 on 02/02/23 and a 52-week low of $1.0600 on 03/01/23. A 50-day SMA is recorded $1.5444, while a 200-day SMA reached $3.5457. Nevertheless, trading volume fell to 11.68 million shares from 5.56 million shares the previous day.

Support And Resistance Levels for WeWork Inc. (WE)

According to the 24-hour chart, there is a support level at 1.0267, which, if violated, would cause prices to drop to 0.9733. In the upper region, resistance lies at 1.1667. The next price resistance is at 1.2533. RSI (Relative Strength Index) is 31.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2990, which suggests the price will decrease in the coming days. Percent R is at 97.35%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is WeWork Inc. subject to short interest?

Stocks of WeWork Inc. saw a sharp rise in short interest on Jan 30, 2023 jumping by 16.95 million shares to 85.56 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 68.61 million shares. A jump of 19.81% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 8.16 of the overall float, the days-to-cover ratio (short ratio) jumped to 8.16.

Which companies own the most shares of WeWork Inc. (WE)?

According to Fidelity Management & Research Co filings, the company currently owns 65,325,305 shares, which is about 9.23% of the total WE shares outstanding. The investor’s shares have plunged by -75,518 from its previous 13-F filing of 65400823.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $55,112,109. Goldman Sachs & Co. LLC acquire a 825.18% interest valued at $30.21 million while BlackRock Fund Advisors purchased a 1,864,356 stake. A total of -5,987,291 shares of WeWork Inc. were bought by Slate Path Capital LP during the quarter, and -567,237 were sold by FIAM LLC. In its current portfolio, American Assets Capital Advisers holds 5,315,860 shares valued at $8.45 million.

In terms of WeWork Inc. share price expectations, FactSet research, analysts set an average price target of $6.16 in the next 12 months, up nearly 486.21% from the previous closing price of $1.16. Analysts anticipate WeWork Inc. stock to reach $9.00 by 2023, with the lowest price target being $2.00. In spite of this, 6 analysts ranked WeWork Inc. stock as a Buy at the end of 2023. On April 22, 2022, Mizuho assigned a price target of “a Buy” to the stock and initiated coverage with a $9.


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