Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Flywire Corp shares valued at $107,824 were sold by Butterfield Peter on Aug 09 ’24. At $18.21 per share, Butterfield Peter sold 5,921 shares. The insider’s holdings dropped to 275,286 shares worth approximately $4.99 million following the completion of this transaction.
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Also, Santos Edwin J sold 10,448 shares, netting a total of over 194,140 in proceeds. Following the sale of shares at $18.58 each, the insider now holds 10,466 shares.
Before that, Peter Butterfield had added 5,921 shares to its account. In a trade valued at $110,663, the Officer bought Flywire Corp shares for $18.69 each.
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 -3.21%. Over the course of the year, Flywire Corp shares have dropped approximately -21.77%. 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 $17.24, while a 200-day SMA reached $21.03. Nevertheless, trading volume fell to 1.39 million shares from 0.85 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 17.90, which, if violated, would cause prices to drop to 17.69. In the upper region, resistance lies at 18.34. The next price resistance is at 18.56. RSI (Relative Strength Index) is 52.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.30, which suggests the price will decrease in the coming days. Percent R is at 43.63%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
