Selling Buzz: WiSA Technologies Inc [WISA] insider MOYER BRETT sells 80 shares of the company

CHWY Stock

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. WiSA Technologies Inc shares valued at $10 were sold by MOYER BRETT on Dec 18. At $0.13 per share, MOYER BRETT sold 80 shares. The insider’s holdings dropped to 74,509 shares worth approximately $7450.900000000001 following the completion of this transaction.

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Also, WILLIAMS GARY sold 16 shares, netting a total of over 2 in proceeds. Following the sale of shares at $0.13 each, the insider now holds 48,931 shares.

Before that, MOYER BRETT had sold 6,159 shares from its account. In a trade valued at $770, the insider traded WiSA Technologies Inc shares for $0.12 each. Upon closing the transaction, the insider’s holdings decreased to 6,159 shares, worth approximately $7458.900000000001.

As published in their initiating research note from H.C. Wainwright on December 14, 2020, WiSA Technologies Inc [WISA] has been a Buy and the price target has been revised to $3.50.

Analyzing WISA Stock Performance

During the last five days, there has been a surge of approximately 3.42%. Over the course of the year, WiSA Technologies Inc shares have dropped approximately -17.19%. Shares of the company reached a 52-week high of $0.1207 on 01/03/24 and a 52-week low of $0.0890 on 01/24/24. A 50-day SMA is recorded $0.1209, while a 200-day SMA reached $0.7357. Nevertheless, trading volume fell to 1.2 million shares from 1.91 million shares the previous day.

Support And Resistance Levels for WiSA Technologies Inc (WISA)

According to the 24-hour chart, there is a support level at 0.0940, which, if violated, would cause prices to drop to 0.0911. In the upper region, resistance lies at 0.1002. The next price resistance is at 0.1035. RSI (Relative Strength Index) is 34.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0028, which suggests the price will decrease in the coming days. Percent R is at 72.24%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is WiSA Technologies Inc subject to short interest?

Stocks of WiSA Technologies Inc saw a sharp steep in short interest on Jan 11, 2024 dropping by -0.39 million shares to 0.55 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2023 was 0.94 million shares. A decline of -70.34% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 0.26 of the overall float, the days-to-cover ratio (short ratio) decline to 0.26.

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