Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Wave Life Sciences Ltd. shares valued at $22,335,440 were purchased by GSK plc on Sep 27 ’24. At $8.00 per share, GSK plc acquired 2,791,930 shares. The insider’s holdings grew to 16,775,691 shares worth approximately $141.08 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Moran Kyle sold 17,146 shares, netting a total of over 154,314 in proceeds. Following the sale of shares at $9.00 each, the insider now holds 19,777 shares.
Before that, KYLE MORAN had added 17,146 shares to its account. In a trade valued at $154,314, the Officer bought Wave Life Sciences Ltd. shares for $9.00 each.
Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of September 09, 2024, JP Morgan has initiated its “an Overweight” rating for WVE. Earlier on May 15, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for WVE stock.
Analyzing WVE Stock Performance
During the last five days, there has been a drop of approximately -4.76%. Over the course of the year, Wave Life Sciences Ltd. shares have jumped approximately 66.53%. Shares of the company reached a 52-week high of $9.92 on 09/25/24 and a 52-week low of $3.50 on 02/14/24. A 50-day SMA is recorded $6.36, while a 200-day SMA reached $5.66. Nevertheless, trading volume fell to 0.69 million shares from 0.94 million shares the previous day.
Support And Resistance Levels for Wave Life Sciences Ltd. (WVE)
According to the 24-hour chart, there is a support level at 8.03, which, if violated, would cause prices to drop to 7.65. In the upper region, resistance lies at 8.61. The next price resistance is at 8.81. RSI (Relative Strength Index) is 62.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 32.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
