Shockwave Medical Inc.’s recent filing unveils that its President, CCO Zacharias Isaac unloaded Company’s shares for reported $1.15 million on Mar 26 ’24. In the deal valued at $287.67 per share,4,000 shares were sold. As a result of this transaction, Zacharias Isaac now holds 56,818 shares worth roughly $18.5 million.
Then, FRANCIS LAURA sold 1,500 shares, generating $450,000 in total proceeds. Upon selling the shares at $300.00, the Director now owns 3,551 shares.
Before that, WATKINS FRANK T sold 2,000 shares. Shockwave Medical Inc. shares valued at $507,294 were divested by the Director at a price of $253.65 per share. As a result of the transaction, WATKINS FRANK T now holds 4,532 shares, worth roughly $1.48 million.
Wolfe Research downgraded its Shockwave Medical Inc. [SWAV] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including CL King’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. UBS began covering SWAV with “Neutral” recommendation on September 29, 2023. Morgan Stanley revised its rating on July 10, 2023. It rated SWAV as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of SWAV
On Monday, Shockwave Medical Inc. [NASDAQ:SWAV] saw its stock fall -0.23% to $325.60. Over the last five days, the stock has gained 1.59%. Shockwave Medical Inc. shares have risen nearly 70.86% since the year began. Nevertheless, the stocks have risen 40.95% over the past one year. While a 52-week high of $331.58 was reached on 03/28/24, a 52-week low of $157.00 was recorded on 01/02/24. SMA at 50 days reached $266.08, while 200 days put it at $228.68. A total of 6.56 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For SWAV Stock
The 24-hour chart illustrates a support level at 325.15, which if violated will result in even more drops to 324.71. On the upside, there is a resistance level at 326.49. A further resistance level may holdings at 327.39. The Relative Strength Index (RSI) on the 14-day chart is 77.66, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.78%. Stochastics %K at 87.98% indicates the stock is a selling.
How much short interest is there in Shockwave Medical Inc.?
A steep rise in short interest was recorded in Shockwave Medical Inc. stocks on Mar 15, 2024, dropping by -0.13 million shares to a total of 1.79 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.92 million shares. There was a decline of -7.26%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.23% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.4.
