Flywire Corp’s recent filing unveils that its Officer Peter Butterfield acquired Company’s shares for reported $82092.0 on Sep 09 ’24. In the deal valued at $17.29 per share,4,747 shares were bought.
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Then, Butterfield Peter sold 1,335 shares, generating $23,114 in total proceeds. Upon selling the shares at $17.31, the General Counsel and CCO now owns 272,182 shares.
Before that, King David R. sold 3,504 shares. Flywire Corp shares valued at $60,668 were divested by the Chief Technology Officer at a price of $17.31 per share. As a result of the transaction, King David R. now holds 616,680 shares, worth roughly $10.72 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 Tuesday, Flywire Corp [NASDAQ:FLYW] saw its stock jump 0.75% to $17.38. Over the last five days, the stock has lost -2.85%. Flywire Corp shares have fallen nearly -24.92% since the year began. Nevertheless, the stocks have fallen -45.92% over the past one year. While a 52-week high of $32.84 was reached on 02/28/24, a 52-week low of $15.19 was recorded on 06/20/24. SMA at 50 days reached $17.60, while 200 days put it at $20.48.
Levels Of Support And Resistance For FLYW Stock
The 24-hour chart illustrates a support level at 16.96, which if violated will result in even more drops to 16.53. On the upside, there is a resistance level at 17.61. A further resistance level may holdings at 17.83. The Relative Strength Index (RSI) on the 14-day chart is 47.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.11%. Stochastics %K at 40.00% 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.
