Days-to-cover ratio for WW surges to 1.02 due to rise in short interest


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. WW International Inc. shares valued at $109,760 were purchased by KELLY DENIS F on May 11. At $6.86 per share, KELLY DENIS F acquired 16,000 shares. The insider’s holdings grew to 96,921 shares worth approximately $0.69 million following the completion of this transaction.

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Also, Westend S.A. sold 14,818,300 shares, netting a total of over 105,950,845 in proceeds. Following the sale of shares at $7.15 each, the insider now holds 0 shares.

Before that, Stark Heather had added 10,000 shares to its account. In a trade valued at $38,500, the Interim Principal Fin. Officer bought WW International Inc. shares for $3.85 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $94976.28.

Analyzing WW Stock Performance

On Wednesday, WW International Inc. [NASDAQ: WW] plunged -3.38% to $7.14. The stock’s lowest price that day was $7.095, but it reached a high of $7.34 in the same session. During the last five days, there has been a drop of approximately -9.62%. Over the course of the year, WW International Inc. shares have jumped approximately 84.97%. Shares of the company reached a 52-week high of $10.02 on 05/08/23 and a 52-week low of $3.46 on 03/02/23. A 50-day SMA is recorded $6.49, while a 200-day SMA reached $5.02. Nevertheless, trading volume fell to 2.62 million shares from 3.18 million shares the previous day.

Support And Resistance Levels for WW International Inc. (WW)

According to the 24-hour chart, there is a support level at 7.04, which, if violated, would cause prices to drop to 6.95. In the upper region, resistance lies at 7.29. The next price resistance is at 7.44. RSI (Relative Strength Index) is 47.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 81.82%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is WW International Inc. subject to short interest?

Stocks of WW International Inc. saw a sharp rise in short interest on Apr 27, 2023 jumping by 5.11 million shares to 10.83 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 5.72 million shares. A jump of 47.18% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.02 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.02.

Which companies own the most shares of WW International Inc. (WW)?

According to Contrarius Investment Management filings, the company currently owns 6,633,237 shares, which is about 9.40% of the total WW shares outstanding. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $36,138,157. Millennium Management LLC acquire a 120.31% interest valued at $28.19 million while BlackRock Fund Advisors sold a -4,921,682 stake. A total of 3,185,566 shares of WW International Inc. were sold by Balyasny Asset Management LP during the quarter, and 2,337,558 by Arrowstreet Capital LP. In its current portfolio, Two Sigma Investments LP holds 1,508,654 shares valued at $12.6 million.

In terms of WW International Inc. share price expectations, FactSet research, analysts set an average price target of $7.90 in the next 12 months, up nearly 1.49% from the previous closing price of $7.39. Analysts anticipate WW International Inc. stock to reach $13.00 by 2023, with the lowest price target being $4.00. In spite of this, 7 analysts ranked WW International Inc. stock as an Overweight at the end of 2023.


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