The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Flywire Corp shares valued at $127,369 were sold by Massaro Michael on Jun 05 ’24. At $16.69 per share, Massaro Michael sold 7,631 shares. The insider’s holdings dropped to 1,746,882 shares worth approximately $30.27 million following the completion of this transaction.
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Also, Orgel Rob sold 3,815 shares, netting a total of over 63,676 in proceeds. Following the sale of shares at $16.69 each, the insider now holds 481,396 shares.
Before that, King David R. had sold 3,496 shares from its account. In a trade valued at $58,352, the Chief Technology Officer traded Flywire Corp shares for $16.69 each. Upon closing the transaction, the insider’s holdings decreased to 3,496 shares, worth approximately $10.72 million.
As published in their initiating research note from Wedbush on May 24, 2024, Flywire Corp [FLYW] has been a Neutral and the price target has been revised to $18. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early March. As of February 06, 2024, Deutsche Bank has initiated its “Buy” rating for FLYW. Earlier on January 29, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for FLYW stock which previously was a “an Equal-weight”.
Analyzing FLYW Stock Performance
During the last five days, there has been a drop of approximately -4.25%. Over the course of the year, Flywire Corp shares have dropped approximately -25.14%. Shares of the company reached a 52-week high of $31.54 on 02/28/24 and a 52-week low of $15.19 on 06/20/24. A 50-day SMA is recorded $17.12, while a 200-day SMA reached $21.53. Nevertheless, trading volume fell to 0.94 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for Flywire Corp (FLYW)
According to the 24-hour chart, there is a support level at 16.78, which, if violated, would cause prices to drop to 16.23. In the upper region, resistance lies at 18.18. The next price resistance is at 19.03. RSI (Relative Strength Index) is 47.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.14, which suggests the price will decrease in the coming days. Percent R is at 89.66%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
