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Investing in Flywire Corp (FLYW): What You Must Know

Flywire Corp’s filing revealed that its Officer Butterfield Peter acquired Company’s shares for reported $31918.0 on Sep 03 ’24. In the deal valued at $18.04 per share,1,769 shares were bought.

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Then, King David R. bought 3,353 shares, generating $60,499 in total proceeds.

Before that, Orgel Rob bought 4,552 shares. Flywire Corp shares valued at $82,133 were divested by the Officer at a price of $18.04 per share.

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 Tuesday, Flywire Corp [NASDAQ:FLYW] saw its stock fall -1.21% to $17.89. Over the last five days, the stock has lost -0.39%. Flywire Corp shares have fallen nearly -22.72% since the year began. Nevertheless, the stocks have fallen -48.26% over the past one year. While a 52-week high of $35.01 was reached on 02/28/24, a 52-week low of $15.19 was recorded on 06/20/24. SMA at 50 days reached $17.48, while 200 days put it at $20.61.

Levels Of Support And Resistance For FLYW Stock

The 24-hour chart illustrates a support level at 17.68, which if violated will result in even more drops to 17.48. On the upside, there is a resistance level at 18.17. A further resistance level may holdings at 18.46. The Relative Strength Index (RSI) on the 14-day chart is 51.67, 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 low at 36.44%. Stochastics %K at 70.07% indicates the stock is a holding.

How much short interest is there in Flywire Corp?

A steep rise in short interest was recorded in Flywire Corp stocks on 2024-08-15, growing by 1.1 million shares to a total of 7.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 5.91 million shares. There was a rise of 15.74%, which implies that there is a positive sentiment for the stock.

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.

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