Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. WW International Inc shares valued at $182,245 were sold by COLOSI MICHAEL F on Dec 01 ’23. At $7.04 per share, COLOSI MICHAEL F sold 25,900 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, COLOSI MICHAEL F sold 20,000 shares, netting a total of over 144,314 in proceeds. Following the sale of shares at $7.22 each, the insider now holds 25,900 shares.
Before that, KELLY DENIS F had added 16,000 shares to its account. In a trade valued at $109,760, the Director bought WW International Inc shares for $6.86 each. Upon closing the transaction, the insider’s holdings increased to 16,000 shares, worth approximately $0.17 million.
As published in their initiating research note from Barclays on January 03, 2024, WW International Inc [WW] has been an Underweight and the price target has been revised to $8. As of September 27, 2023, Craig Hallum has increased its “Sell” rating to a “Hold” for WW. Earlier on July 26, 2023, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for WW stock which previously was a “an Equal-weight”.
Analyzing WW Stock Performance
During the last five days, there has been a surge of approximately 7.32%. Over the course of the year, WW International Inc shares have dropped approximately -79.89%. Shares of the company reached a 52-week high of $8.7400 on 01/02/24 and a 52-week low of $1.5600 on 04/05/24. A 50-day SMA is recorded $2.9742, while a 200-day SMA reached $7.1947. Nevertheless, trading volume fell to 2.88 million shares from 5.26 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 1.7000, which, if violated, would cause prices to drop to 1.6400. In the upper region, resistance lies at 1.8300. The next price resistance is at 1.9000. RSI (Relative Strength Index) is 36.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0590, which suggests the price will decrease in the coming days. Percent R is at 61.54%, indicating low 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 steep in short interest on Mar 15, 2024 dropping by -1.72 million shares to 12.16 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 13.88 million shares. A decline of -14.14% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.46 of the overall float, the days-to-cover ratio (short ratio) decline to 1.46.
