In a filing, Wave Life Sciences Ltd. revealed its President and CEO BOLNO PAUL unloaded Company’s shares for reported $0.28 million on Aug 21 ’24. In the deal valued at $5.78 per share,48,366 shares were sold. As a result of this transaction, BOLNO PAUL now holds 359,059 shares worth roughly $2.03 million.
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Then, PAUL BOLNO bought 48,366 shares, generating $279,638 in total proceeds.
Before that, Moran Kyle sold 15,630 shares. Wave Life Sciences Ltd. shares valued at $96,421 were divested by the Chief Financial Officer at a price of $6.17 per share. As a result of the transaction, Moran Kyle now holds 33,921 shares, worth roughly $0.19 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 Tuesday, Wave Life Sciences Ltd. [NASDAQ:WVE] saw its stock fall -2.08% to $5.65. Over the last five days, the stock has lost -4.07%. Wave Life Sciences Ltd. shares have risen nearly 11.88% since the year began. Nevertheless, the stocks have risen 19.20% over the past one year. While a 52-week high of $7.67 was reached on 03/07/24, a 52-week low of $3.50 was recorded on 02/14/24. SMA at 50 days reached $5.71, while 200 days put it at $5.42.
Levels Of Support And Resistance For WVE Stock
The 24-hour chart illustrates a support level at 5.55, which if violated will result in even more drops to 5.45. On the upside, there is a resistance level at 5.78. A further resistance level may holdings at 5.92. The Relative Strength Index (RSI) on the 14-day chart is 46.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.36%. Stochastics%K at 60.14% indicates the stock is a holding.
How much short interest is there in Wave Life Sciences Ltd.?
A steep rise in short interest was recorded in Wave Life Sciences Ltd. stocks on 2024-07-31, dropping by -1.2 million shares to a total of 3.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.8 million shares. There was a decline of -33.29%, which implies that there is a negative sentiment for the stock.
