Flywire Corp’s recent filing unveils that its General Counsel and CCO Butterfield Peter unloaded Company’s shares for reported $82092.0 on Sep 09 ’24. In the deal valued at $17.29 per share,4,747 shares were sold. As a result of this transaction, Butterfield Peter now holds 267,435 shares worth roughly $-4.4 million.
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Then, Peter Butterfield bought 4,747 shares, generating $82,092 in total proceeds.
Before that, Butterfield Peter sold 1,335 shares. Flywire Corp shares valued at $23,114 were divested by the General Counsel and CCO at a price of $17.31 per share. As a result of the transaction, Butterfield Peter now holds 272,182 shares, worth roughly $4.48 million.
Wells Fargo downgraded its Flywire Corp [FLYW] rating to an Equal weight from a an Overweight in a research note published on October 11, 2024; the price target was decreased to $18 from $20. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in late May with a ‘”a Neutral”‘ rating. Morgan Stanley also remained covering FLYW and has decreased its forecast on March 01, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Deutsche Bank started covering the stock on February 06, 2024. It rated FLYW as “a Buy”.
Price Performance Review of FLYW
On Monday, Flywire Corp [NASDAQ:FLYW] saw its stock fall -0.12% to $16.47. Over the last five days, the stock has gained 0.98%. Flywire Corp shares have fallen nearly -28.86% since the year began. Nevertheless, the stocks have fallen -42.57% over the past one year. While a 52-week high of $31.54 was reached on 02/28/24, a 52-week low of $15.19 was recorded on 06/20/24. SMA at 50 days reached $17.18, while 200 days put it at $19.71.
Levels Of Support And Resistance For FLYW Stock
The 24-hour chart illustrates a support level at 16.29, which if violated will result in even more drops to 16.12. On the upside, there is a resistance level at 16.70. A further resistance level may holdings at 16.94. The Relative Strength Index (RSI) on the 14-day chart is 47.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.75%. Stochastics %K at 62.08% 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 2024-09-30, dropping by -0.6 million shares to a total of 6.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.11 million shares. There was a decline of -9.17%, which implies that there is a negative sentiment for the stock.
