Flywire Corp’s recently made public that its Chief Executive Officer Massaro Michael unloaded Company’s shares for reported $0.31 million on Apr 03 ’24. In the deal valued at $24.07 per share,13,043 shares were sold. As a result of this transaction, Massaro Michael now holds 1,655,673 shares worth roughly $35.1 million.
Then, Massaro Michael sold 4,892 shares, generating $117,773 in total proceeds. Upon selling the shares at $24.07, the Chief Executive Officer now owns 307,548 shares.
Before that, Massaro Michael sold 16,828 shares. Flywire Corp shares valued at $421,651 were divested by the Chief Executive Officer at a price of $25.06 per share. As a result of the transaction, Massaro Michael now holds 1,668,716 shares, worth roughly $35.38 million.
Morgan Stanley downgraded its Flywire Corp [FLYW] rating to an Equal-weight from a an Overweight in a research note published on March 01, 2024; the price target was increased to $30 from $27. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering FLYW and has increased its forecast on January 29, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Oppenheimer started covering the stock on January 23, 2024. It rated FLYW as “an Outperform”.
Price Performance Review of FLYW
On Friday, Flywire Corp [NASDAQ:FLYW] saw its stock fall -6.69% to $21.20. Over the last five days, the stock has lost -8.74%. Flywire Corp shares have fallen nearly -8.42% since the year began. Nevertheless, the stocks have fallen -26.54% over the past one year. While a 52-week high of $35.80 was reached on 02/28/24, a 52-week low of $18.65 was recorded on 01/19/24. SMA at 50 days reached $24.19, while 200 days put it at $26.76. A total of 1.83 million shares were traded, compared to the trading of 1.48 million shares in the previous session.
Levels Of Support And Resistance For FLYW Stock
The 24-hour chart illustrates a support level at 20.57, which if violated will result in even more drops to 19.93. On the upside, there is a resistance level at 22.28. A further resistance level may holdings at 23.36. The Relative Strength Index (RSI) on the 14-day chart is 31.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.53%. Stochastics %K at 9.81% indicates the stock is a buying.
