Flywire Corp’s filing revealed that its Chief Executive Officer Massaro Michael unloaded Company’s shares for reported $0.13 million on Jun 05 ’24. In the deal valued at $16.69 per share,7,631 shares were sold. As a result of this transaction, Massaro Michael now holds 1,746,882 shares worth roughly $33.07 million.
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Then, Orgel Rob sold 3,815 shares, generating $63,676 in total proceeds. Upon selling the shares at $16.69, the President and COO now owns 481,396 shares.
Before that, King David R. sold 3,496 shares. Flywire Corp shares valued at $58,352 were divested by the Chief Technology Officer at a price of $16.69 per share. As a result of the transaction, King David R. now holds 618,689 shares, worth roughly $11.71 million.
Wedbush initiated its Flywire Corp [FLYW] rating to a Neutral in a research note published on May 24, 2024; the price target was $18. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early March from “an Overweight” to “an Equal-weight”. Deutsche Bank began covering FLYW with “Buy” recommendation on February 06, 2024. Morgan Stanley revised its rating on January 29, 2024. It rated FLYW as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of FLYW
On Monday, Flywire Corp [NASDAQ:FLYW] saw its stock jump 2.21% to $18.93. Over the last five days, the stock has gained 5.05%. Flywire Corp shares have fallen nearly -18.23% since the year began. Nevertheless, the stocks have fallen -40.97% over the past one year. While a 52-week high of $35.80 was reached on 02/28/24, a 52-week low of $15.19 was recorded on 06/20/24. SMA at 50 days reached $17.04, while 200 days put it at $21.69. A total of 0.9 million shares were traded, compared to the trading of 0.8 million shares in the previous session.
Levels Of Support And Resistance For FLYW Stock
The 24-hour chart illustrates a support level at 18.65, which if violated will result in even more drops to 18.37. On the upside, there is a resistance level at 19.09. A further resistance level may holdings at 19.25. The Relative Strength Index (RSI) on the 14-day chart is 62.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.73%. Stochastics%K at 81.93% indicates the stock is a selling.
The most recent change occurred on January 23, 2024 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $25 price target.
