Weave Communications Inc’s filing revealed that its Chief Financial Officer Taylor Alan unloaded Company’s shares for reported $0.18 million on Jan 24 ’24. In the deal valued at $12.00 per share,15,000 shares were sold. As a result of this transaction, Taylor Alan now holds 480,813 shares worth roughly $4.26 million.
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Then, Hyde Matthew C. sold 6,983 shares, generating $49,090 in total proceeds. Upon selling the shares at $7.03, the Chief Revenue Officer now owns 558,682 shares.
Before that, Hyde Matthew C. sold 6,983 shares. Weave Communications Inc shares valued at $55,724 were divested by the Chief Revenue Officer at a price of $7.98 per share. As a result of the transaction, Hyde Matthew C. now holds 565,665 shares, worth roughly $5.01 million.
Raymond James upgraded its Weave Communications Inc [WEAV] rating to a Strong buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Overweight”. Loop Capital also remained covering WEAV and has increased its forecast on June 26, 2023 with a “Buy” recommendation from previously “Hold” rating. Raymond James revised its rating on May 04, 2023. It rated WEAV as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of WEAV
On Friday, Weave Communications Inc [NYSE:WEAV] saw its stock jump 2.31% to $8.85. Over the last five days, the stock has lost -1.34%. Weave Communications Inc shares have fallen nearly -22.84% since the year began. Nevertheless, the stocks have risen 17.06% over the past one year. While a 52-week high of $13.80 was reached on 02/09/24, a 52-week low of $6.67 was recorded on 05/03/24. SMA at 50 days reached $10.52, while 200 days put it at $10.22. A total of 0.31 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For WEAV Stock
The 24-hour chart illustrates a support level at 8.68, which if violated will result in even more drops to 8.50. On the upside, there is a resistance level at 8.96. A further resistance level may holdings at 9.07. The Relative Strength Index (RSI) on the 14-day chart is 37.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.59%. Stochastics %K at 53.05% indicates the stock is a holding.
