WW International Inc’s recently made public that its General Counsel and Secretary COLOSI MICHAEL F unloaded Company’s shares for reported $0.18 million on Dec 01 ’23. In the deal valued at $7.04 per share,25,900 shares were sold. As a result of this transaction, COLOSI MICHAEL F now holds 0 shares worth roughly $0.0.
Then, COLOSI MICHAEL F sold 20,000 shares, generating $144,314 in total proceeds. Upon selling the shares at $7.22, the General Counsel and Secretary now owns 25,900 shares.
Before that, KELLY DENIS F bought 16,000 shares. WW International Inc shares valued at $109,760 were divested by the Director at a price of $6.86 per share. As a result of the transaction, KELLY DENIS F now holds 96,921 shares, worth roughly $0.18 million.
Barclays initiated its WW International Inc [WW] rating to an Underweight in a research note published on January 03, 2024; the price target was $8. Craig Hallum also remained covering WW and has increased its forecast on September 27, 2023 with a “Hold” recommendation from previously “Sell” rating. Morgan Stanley revised its rating on July 26, 2023. It rated WW as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of WW
On Monday, WW International Inc [NASDAQ:WW] saw its stock jump 10.24% to $1.83. Over the last five days, the stock has gained 3.39%. WW International Inc shares have fallen nearly -79.09% since the year began. Nevertheless, the stocks have fallen -56.32% over the past one year. While a 52-week high of $13.31 was reached on 01/02/24, a 52-week low of $1.56 was recorded on 04/05/24. SMA at 50 days reached $3.1141, while 200 days put it at $7.2614. A total of 7.05 million shares were traded, compared to the trading of 2.39 million shares in the previous session.
Levels Of Support And Resistance For WW Stock
The 24-hour chart illustrates a support level at 1.6967, which if violated will result in even more drops to 1.5633. On the upside, there is a resistance level at 1.9567. A further resistance level may holdings at 2.0833. The Relative Strength Index (RSI) on the 14-day chart is 36.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1382, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.13%. Stochastics %K at 13.05% indicates the stock is a buying.
How much short interest is there in WW International Inc?
A steep rise in short interest was recorded in WW International Inc stocks on Mar 15, 2024, dropping by -1.72 million shares to a total of 12.16 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 13.88 million shares. There was a decline of -14.14%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 22.07% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.46.
