Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Weave Communications Inc shares valued at $180,000 were sold by Taylor Alan on Jan 24 ’24. At $12.00 per share, Taylor Alan sold 15,000 shares. The insider’s holdings dropped to 480,813 shares worth approximately $4.29 million following the completion of this transaction.
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Also, Hyde Matthew C. sold 6,983 shares, netting a total of over 49,090 in proceeds. Following the sale of shares at $7.03 each, the insider now holds 558,682 shares.
Before that, Hyde Matthew C. had sold 6,983 shares from its account. In a trade valued at $55,724, the Chief Revenue Officer traded Weave Communications Inc shares for $7.98 each. Upon closing the transaction, the insider’s holdings decreased to 6,983 shares, worth approximately $5.05 million.
As published in a research note from Raymond James on February 26, 2024, Weave Communications Inc [WEAV] has been rated up from an Outperform to a Strong buy and the price target has been revised to $15. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of June 26, 2023, Loop Capital has increased its “Hold” rating to a “Buy” for WEAV. Earlier on May 04, 2023, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for WEAV stock which previously was a “a Mkt perform”.
Analyzing WEAV Stock Performance
During the last five days, there has been a surge of approximately 2.53%. Over the course of the year, Weave Communications Inc shares have dropped approximately -22.23%. Shares of the company reached a 52-week high of $13.80 on 02/09/24 and a 52-week low of $8.10 on 05/03/24. A 50-day SMA is recorded $9.29, while a 200-day SMA reached $10.07. Nevertheless, trading volume fell to 0.5 million shares from 0.19 million shares the previous day.
Support And Resistance Levels for Weave Communications Inc (WEAV)
According to the 24-hour chart, there is a support level at 8.78, which, if violated, would cause prices to drop to 8.63. In the upper region, resistance lies at 9.09. The next price resistance is at 9.25. RSI (Relative Strength Index) is 49.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 34.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
