An Analysis of WW International Inc. (WW)’s Potential Price Growth


WW International Inc.’s recently made public that its Director KELLY DENIS F acquired Company’s shares for reported $0.11 million on May 11. In the deal valued at $6.86 per share,16,000 shares were bought. As a result of this transaction, KELLY DENIS F now holds 96,921 shares worth roughly $ 0.94 million.

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Then, Westend S.A. sold 14,818,300 shares, generating $105,950,845 in total proceeds. Upon selling the shares at $7.15, the 10% Owner now owns 0 shares.

Before that, Stark Heather bought 10,000 shares. WW International Inc. shares valued at $38,500 were divested by the Interim Principal Fin. Officer at a price of $3.85 per share. As a result of the transaction, Stark Heather now holds 13,302 shares, worth roughly $0.13 million.

Morgan Stanley upgraded its WW International Inc. [WW] rating to an Overweight from a an Equal-weight in a research note published on Friday, July 26, 2023; the price target was increased to $13 from $5. PT values the company’s stock at a premium of 25.69 to its Friday closing price.

Price Performance Review of WW

On Friday, WW International Inc. [NASDAQ:WW] saw its stock fall -0.51% to $9.66. On the same session, the stock had its day’s lowest price of $9.50, but rose to a high of $10.08. WW International Inc. shares have risen nearly 150.26% since the year began. Nevertheless, the stocks have risen 85.06% over the past one year. While a 52-week high of $12.13 was reached on 07/31/23, a 52-week low of $3.28 was recorded on 03/02/23. SMA at 50 days reached $9.03, while 200 days put it at $6.24. A total of 2.95 million shares were traded, compared to the trading of 2.05 million shares in the previous session.

Levels Of Support And Resistance For WW Stock

The 24-hour chart illustrates a support level at 9.41, which if violated will result in even more drops to 9.17. On the upside, there is a resistance level at 9.99. A further resistance level may holdings at 10.33. The Relative Strength Index (RSI) on the 14-day chart is 50.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.26%. Stochastics %K at 41.97% indicates the stock is a holding.

How much short interest is there in WW International Inc.?

A steep rise in short interest was recorded in WW International Inc. stocks on Aug 14, 2023, dropping by -2.09 million shares to a total of 9.6 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 11.69 million shares. There was a decline of -21.77%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 17.50% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.78.

WW International Inc. [WW] – Who Are The Largest Shareholders?

In filings from Contrarius Investment Management, it is revealed that the company now owns 7,526,323 shares, or roughly 9.57% of the outstanding WW shares. In other words, the investor’s shares have risen by 893,086 from its previous 13-F filing of 6633237.0. Additionally, Balyasny Asset Management LP increased 45.71% of its stake after which the total value it holdings stand at $54,206,215, while Millennium Management LLC added 22.48% of its stake to hold $48.18 million in the firm. Over the last quarter, The Vanguard Group, Inc. sold -613,512 shares of WW International Inc., while BlackRock Fund Advisors sold 171,174 shares. At present, AllianceBernstein LP is holding 2,410,618 shares valued at $28.08 million. Granahan Investment Management, L owned 2,386,836 shares of the company at the time of its most recent 13F filing, worth $27.81 million.

According to FactSet, WW International Inc.’s share price will average $11.40 in the next year, based on opinions of analysts polled by the firm. This is up nearly 28.73 percent from its previous closing price of $9.71. Analysts expect WW International Inc. stock to reach the higher price of $17.00, while the lowest price estimate is $4.00. However, 5 analysts have rated WW stock as an Overweight in their predictions for 2023.


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