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. First Watch Restaurant Group Inc shares valued at $185,359 were sold by Kussell William A on Apr 22 ’24. At $22.10 per share, Kussell William A sold 8,386 shares. The insider’s holdings dropped to 12,409 shares worth approximately $0.29 million following the completion of this transaction.
Also, Wolszczak Jay Anthony sold 15,000 shares, netting a total of over 364,350 in proceeds. Following the sale of shares at $24.29 each, the insider now holds 43,511 shares.
Before that, Eisenacher Matthew had sold 3,770 shares from its account. In a trade valued at $91,536, the Chief Brand Officer traded First Watch Restaurant Group Inc shares for $24.28 each. Upon closing the transaction, the insider’s holdings decreased to 3,770 shares, worth approximately $0.71 million.
As published in a research note from Stifel on January 04, 2024, First Watch Restaurant Group Inc [FWRG] has been rated down from a Buy to a Hold and the price target has been revised to $20 from $22. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in mid October. As of July 18, 2023, Piper Sandler has initiated its “an Overweight” rating for FWRG.
Analyzing FWRG Stock Performance
During the last five days, there has been a surge of approximately 4.31%. Over the course of the year, First Watch Restaurant Group Inc shares have jumped approximately 14.43%. Shares of the company reached a 52-week high of $25.88 on 03/04/24 and a 52-week low of $18.12 on 01/04/24. A 50-day SMA is recorded $23.88, while a 200-day SMA reached $20.03. Nevertheless, trading volume fell to 0.54 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for First Watch Restaurant Group Inc (FWRG)
According to the 24-hour chart, there is a support level at 22.69, which, if violated, would cause prices to drop to 22.37. In the upper region, resistance lies at 23.26. The next price resistance is at 23.51. RSI (Relative Strength Index) is 48.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 30.00%, indicating 30.00 price movement. Stochastics %K at holding indicates that the stock is to be held.
