First Watch Restaurant Group Inc’s recent filing unveils that its Director Kussell William A unloaded Company’s shares for reported $0.19 million on Apr 22 ’24. In the deal valued at $22.10 per share,8,386 shares were sold. As a result of this transaction, Kussell William A now holds 12,409 shares worth roughly $0.31 million.
Then, Wolszczak Jay Anthony sold 15,000 shares, generating $364,350 in total proceeds. Upon selling the shares at $24.29, the Chief Legal Officer, GC & Secy now owns 43,511 shares.
Before that, Eisenacher Matthew sold 3,770 shares. First Watch Restaurant Group Inc shares valued at $91,536 were divested by the Chief Brand Officer at a price of $24.28 per share. As a result of the transaction, Eisenacher Matthew now holds 30,906 shares, worth roughly $0.77 million.
Stifel downgraded its First Watch Restaurant Group Inc [FWRG] rating to a Hold from a 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 fall -0.91% to $25.05. Over the last five days, the stock has gained 5.92%. First Watch Restaurant Group Inc shares have risen nearly 24.63% since the year began. Nevertheless, the stocks have risen 46.75% over the past one year. While a 52-week high of $25.98 was reached on 04/30/24, a 52-week low of $15.67 was recorded on 01/04/24. SMA at 50 days reached $23.98, while 200 days put it at $20.26. A total of 0.52 million shares were traded, compared to the trading of 0.49 million shares in the previous session.
Levels Of Support And Resistance For FWRG Stock
The 24-hour chart illustrates a support level at 24.74, which if violated will result in even more drops to 24.44. On the upside, there is a resistance level at 25.60. A further resistance level may holdings at 26.16. The Relative Strength Index (RSI) on the 14-day chart is 62.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.30%. Stochastics %K at 78.90% indicates the stock is a holding.
