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The Potential Rise in the Price of Shockwave Medical Inc. (SWAV) following insiders activity

Shockwave Medical Inc.’s filing revealed that its President, CCO Zacharias Isaac unloaded Company’s shares for reported $1.15 million on Mar 26 ’24. In the deal valued at $287.67 per share,4,000 shares were sold. As a result of this transaction, Zacharias Isaac now holds 56,818 shares worth roughly $18.74 million.

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Then, FRANCIS LAURA sold 1,500 shares, generating $450,000 in total proceeds. Upon selling the shares at $300.00, the Director now owns 3,551 shares.

Before that, WATKINS FRANK T sold 2,000 shares. Shockwave Medical Inc. shares valued at $507,294 were divested by the Director at a price of $253.65 per share. As a result of the transaction, WATKINS FRANK T now holds 4,532 shares, worth roughly $1.49 million.

Wolfe Research downgraded its Shockwave Medical Inc. [SWAV] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including CL King’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. UBS began covering SWAV with “Neutral” recommendation on September 29, 2023. Morgan Stanley revised its rating on July 10, 2023. It rated SWAV as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of SWAV

On Monday, Shockwave Medical Inc. [NASDAQ:SWAV] saw its stock fall -0.08% to $329.85. Over the last five days, the stock has lost -0.16%. Shockwave Medical Inc. shares have risen nearly 73.10% since the year began. Nevertheless, the stocks have risen 19.25% over the past one year. While a 52-week high of $331.58 was reached on 03/28/24, a 52-week low of $157.00 was recorded on 01/02/24. SMA at 50 days reached $316.13, while 200 days put it at $237.00. A total of 0.53 million shares were traded, compared to the trading of 1.02 million shares in the previous session.

Levels Of Support And Resistance For SWAV Stock

The 24-hour chart illustrates a support level at 329.66, which if violated will result in even more drops to 329.47. On the upside, there is a resistance level at 330.13. A further resistance level may holdings at 330.41. The Relative Strength Index (RSI) on the 14-day chart is 68.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.87%. Stochastics %K at 43.97% indicates the stock is a holding.

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