First Watch Restaurant Group Inc’s recently made public that its Chief Legal Officer, GC & Secy Wolszczak Jay Anthony unloaded Company’s shares for reported $0.36 million on Mar 15 ’24. In the deal valued at $24.29 per share,15,000 shares were sold. As a result of this transaction, Wolszczak Jay Anthony now holds 43,511 shares worth roughly $0.97 million.
Then, Eisenacher Matthew sold 3,770 shares, generating $91,536 in total proceeds. Upon selling the shares at $24.28, the Chief Brand Officer now owns 30,906 shares.
Before that, Glynn Tricia sold 6,900,000 shares. First Watch Restaurant Group Inc shares valued at $165,531,000 were divested by the Director at a price of $23.99 per share. As a result of the transaction, Glynn Tricia now holds 27,189,784 shares, worth roughly $606.33 million.
Stifel downgraded its First Watch Restaurant Group Inc [FWRG] rating to a Hold from a Buy in a research note published on January 04, 2024; the price target was decreased to $20 from $22. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid October from “an Outperform” to “a Strong buy”. Piper Sandler began covering FWRG with “an Overweight” recommendation on July 18, 2023.
Price Performance Review of FWRG
On Friday, First Watch Restaurant Group Inc [NASDAQ:FWRG] saw its stock jump 0.45% to $22.30. Over the last five days, the stock has lost -1.20%. First Watch Restaurant Group Inc shares have risen nearly 10.95% since the year began. Nevertheless, the stocks have risen 50.07% over the past one year. While a 52-week high of $25.88 was reached on 03/04/24, a 52-week low of $14.34 was recorded on 01/04/24. SMA at 50 days reached $23.93, while 200 days put it at $19.95. A total of 0.76 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For FWRG Stock
The 24-hour chart illustrates a support level at 21.95, which if violated will result in even more drops to 21.59. On the upside, there is a resistance level at 22.52. A further resistance level may holdings at 22.73. The Relative Strength Index (RSI) on the 14-day chart is 39.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.24%. Stochastics %K at 10.23% indicates the stock is a buying.
