Wave Life Sciences Ltd.’s filing revealed that its 10% Owner GSK plc acquired Company’s shares for reported $22.34 million on Sep 27 ’24. In the deal valued at $8.00 per share,2,791,930 shares were bought. As a result of this transaction, GSK plc now holds 16,775,691 shares worth roughly $141.08 million.
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Then, Moran Kyle sold 17,146 shares, generating $154,314 in total proceeds. Upon selling the shares at $9.00, the Chief Financial Officer now owns 19,777 shares.
Before that, KYLE MORAN bought 17,146 shares. Wave Life Sciences Ltd. shares valued at $154,314 were divested by the Officer at a price of $9.00 per share.
A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. JP Morgan began covering WVE with “an Overweight” recommendation on September 09, 2024. Wells Fargo started covering the stock on May 15, 2024. It rated WVE as “an Overweight”.
Price Performance Review of WVE
On Friday, Wave Life Sciences Ltd. [NASDAQ:WVE] saw its stock fall -1.06% to $8.41. Over the last five days, the stock has gained 1.45%. Wave Life Sciences Ltd. shares have risen nearly 66.53% since the year began. Nevertheless, the stocks have risen 46.77% over the past one year. While a 52-week high of $9.92 was reached on 09/25/24, a 52-week low of $3.50 was recorded on 02/14/24. SMA at 50 days reached $6.26, while 200 days put it at $5.61.
Levels Of Support And Resistance For WVE Stock
The 24-hour chart illustrates a support level at 8.18, which if violated will result in even more drops to 7.94. On the upside, there is a resistance level at 8.70. A further resistance level may holdings at 8.98. The Relative Strength Index (RSI) on the 14-day chart is 63.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.97%. Stochastics %K at 70.74% 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 2024-09-13, growing by 0.18 million shares to a total of 3.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.35 million shares. There was a rise of 5.18%, which implies that there is a positive sentiment for the stock.
