Wave Life Sciences Ltd.’s filing revealed that its Chief Financial Officer Moran Kyle unloaded Company’s shares for reported $96421.0 on Apr 03 ’24. In the deal valued at $6.17 per share,15,630 shares were sold. As a result of this transaction, Moran Kyle now holds 33,921 shares worth roughly $0.17 million.
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Then, RA CAPITAL MANAGEMENT, L.P. bought 1,000,000 shares, generating $5,000,000 in total proceeds. Upon buying the shares at $5.00, the Director now owns 19,202,009 shares.
Before that, GSK plc bought 3,300,000 shares. Wave Life Sciences Ltd. shares valued at $16,500,000 were divested by the 10% Owner at a price of $5.00 per share. As a result of the transaction, GSK plc now holds 13,983,761 shares, worth roughly $69.78 million.
Wells Fargo initiated its Wave Life Sciences Ltd. [WVE] rating to an Overweight in a research note published on May 15, 2024; the price target was $11. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who increased its forecast for the stock in mid December from “a Market perform” to “an Outperform”. Raymond James began covering WVE with “an Outperform” recommendation on July 05, 2023. Jefferies revised its rating on May 24, 2023. It rated WVE as “a Hold” which previously was an “a Buy”.
Price Performance Review of WVE
On Friday, Wave Life Sciences Ltd. [NASDAQ:WVE] saw its stock unchanged to $4.99. Over the last five days, the stock has lost -4.95%. Wave Life Sciences Ltd. shares have fallen nearly -1.19% since the year began. Nevertheless, the stocks have risen 36.34% over the past one year. While a 52-week high of $7.67 was reached on 03/07/24, a 52-week low of $3.45 was recorded on 02/14/24. SMA at 50 days reached $5.68, while 200 days put it at $5.35. A total of 3.72 million shares were traded, compared to the trading of 2.01 million shares in the previous session.
Levels Of Support And Resistance For WVE Stock
The 24-hour chart illustrates a support level at 4.77, which if violated will result in even more drops to 4.54. On the upside, there is a resistance level at 5.20. A further resistance level may holdings at 5.40. The Relative Strength Index (RSI) on the 14-day chart is 39.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.96%. Stochastics%K at 22.87% indicates the stock is a holding.
