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. Widepoint Corp shares valued at $4,560 were purchased by Kang Jin on Apr 10 ’24. At $2.28 per share, Kang Jin acquired 2,000 shares. The insider’s holdings grew to 597,135 shares worth approximately $1.52 million following the completion of this transaction.
Also, HOLLOWAY JASON purchased 1,000 shares, netting a total of over 2,260 in proceeds. Following the buying of shares at $2.26 each, the insider now holds 193,211 shares.
Before that, BOWEN JULIA A had added 2,000 shares to its account. In a trade valued at $4,840, the Director bought Widepoint Corp shares for $2.42 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.2 million.
As published in a research note from Craig Hallum on November 10, 2015, Widepoint Corp [WYY] has been rated down from a Buy to a Hold.
Analyzing WYY Stock Performance
During the last five days, there has been a surge of approximately 26.37%. Over the course of the year, Widepoint Corp shares have jumped approximately 9.48%. Shares of the company reached a 52-week high of $3.49 on 01/30/24 and a 52-week low of $1.83 on 04/30/24. A 50-day SMA is recorded $2.37, while a 200-day SMA reached $2.14. Nevertheless, trading volume fell to 1.2 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for Widepoint Corp (WYY)
According to the 24-hour chart, there is a support level at 2.32, which, if violated, would cause prices to drop to 2.09. In the upper region, resistance lies at 2.77. The next price resistance is at 2.99. RSI (Relative Strength Index) is 65.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 24.47%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
