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. Shockwave Medical Inc. shares valued at $1,150,680 were sold by Zacharias Isaac on Mar 26 ’24. At $287.67 per share, Zacharias Isaac sold 4,000 shares. The insider’s holdings dropped to 56,818 shares worth approximately $18.61 million following the completion of this transaction.
Also, FRANCIS LAURA sold 1,500 shares, netting a total of over 450,000 in proceeds. Following the sale of shares at $300.00 each, the insider now holds 3,551 shares.
Before that, WATKINS FRANK T had sold 2,000 shares from its account. In a trade valued at $507,294, the Director traded Shockwave Medical Inc. shares for $253.65 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $1.48 million.
As published in a research note from Wolfe Research on April 05, 2024, Shockwave Medical Inc. [SWAV] has been rated down from an Outperform to a Peer perform. Analysts at CL King started covering the stock with ‘”a Buy”‘ outlook in a report released in late March. As of September 29, 2023, UBS has initiated its “Neutral” rating for SWAV. Earlier on July 10, 2023, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for SWAV stock which previously was a “an Equal-weight”.
Analyzing SWAV Stock Performance
During the last five days, there has been a drop of approximately -0.20%. Over the course of the year, Shockwave Medical Inc. shares have jumped approximately 71.87%. Shares of the company reached a 52-week high of $331.58 on 03/28/24 and a 52-week low of $186.33 on 01/02/24. A 50-day SMA is recorded $281.72, while a 200-day SMA reached $230.29. Nevertheless, trading volume fell to 1.16 million shares from 1.25 million shares the previous day.
Support And Resistance Levels for Shockwave Medical Inc. (SWAV)
According to the 24-hour chart, there is a support level at 327.02, which, if violated, would cause prices to drop to 326.52. In the upper region, resistance lies at 328.25. The next price resistance is at 328.98. RSI (Relative Strength Index) is 75.71 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.11, which suggests the price will increase in the coming days. Percent R is at 16.24%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
