Weave Communications Inc’s filing revealed that its Chief Financial Officer Taylor Alan unloaded Company’s shares for reported $56063.0 on Sep 30 ’24. In the deal valued at $13.05 per share,4,296 shares were sold. As a result of this transaction, Taylor Alan now holds 446,841 shares worth roughly $5.57 million.
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Then, Taylor Alan sold 305 shares, generating $3,812 in total proceeds. Upon selling the shares at $12.50, the Chief Financial Officer now owns 451,137 shares.
Before that, Taylor Alan bought 4,296 shares. Weave Communications Inc shares valued at $56,045 were divested by the Officer at a price of $13.05 per share.
Raymond James upgraded its Weave Communications Inc [WEAV] rating to a Strong buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Overweight”. Loop Capital also remained covering WEAV and has increased its forecast on June 26, 2023 with a “Buy” recommendation from previously “Hold” rating. Raymond James revised its rating on May 04, 2023. It rated WEAV as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of WEAV
On Tuesday, Weave Communications Inc [NYSE:WEAV] saw its stock fall -2.58% to $12.47. Over the last five days, the stock has gained 3.74%. Weave Communications Inc shares have risen nearly 8.72% since the year began. Nevertheless, the stocks have risen 53.01% over the past one year. While a 52-week high of $13.80 was reached on 02/09/24, a 52-week low of $6.67 was recorded on 05/03/24. SMA at 50 days reached $10.94, while 200 days put it at $10.79.
Levels Of Support And Resistance For WEAV Stock
The 24-hour chart illustrates a support level at 12.09, which if violated will result in even more drops to 11.70. On the upside, there is a resistance level at 12.91. A further resistance level may holdings at 13.34. The Relative Strength Index (RSI) on the 14-day chart is 64.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.06%. Stochastics %K at 84.60% indicates the stock is a selling.
How much short interest is there in Weave Communications Inc?
A steep rise in short interest was recorded in Weave Communications Inc stocks on 2024-09-13, dropping by -0.2 million shares to a total of 0.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.63 million shares. There was a decline of -47.81%, which implies that there is a negative sentiment for the stock.
