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 $2,855,051 were purchased by CHRISTOPHER FRANCIS on Oct 16 ’24. At $13.67 per share, CHRISTOPHER FRANCIS acquired 208,836 shares.
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Also, PAUL BOLNO purchased 90,474 shares, netting a total of over 1,357,110 in proceeds.
Before that, GSK plc had added 2,791,930 shares to its account. In a trade valued at $22,335,440, the 10% Owner bought Wave Life Sciences Ltd. shares for $8.00 each. Upon closing the transaction, the insider’s holdings increased to 2,791,930 shares, worth approximately $249.96 million.
As published in a research note from Raymond James on October 16, 2024, Wave Life Sciences Ltd. [WVE] has been rated up from an Outperform to a Strong buy and the price target has been revised to $22. As of September 19, 2024, B. Riley Securities has initiated its “Buy” rating for WVE. Earlier on September 09, 2024, JP Morgan initiated its rating. Their recommendation was “an Overweight” for WVE stock.
Analyzing WVE Stock Performance
During the last five days, there has been a surge of approximately 77.17%. Over the course of the year, Wave Life Sciences Ltd. shares have jumped approximately 195.05%. Shares of the company reached a 52-week high of $15.54 on 10/16/24 and a 52-week low of $3.50 on 02/14/24. A 50-day SMA is recorded $6.73, while a 200-day SMA reached $5.77. Nevertheless, trading volume fell to 17.29 million shares from 0.88 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 12.74, which, if violated, would cause prices to drop to 10.58. In the upper region, resistance lies at 16.30. The next price resistance is at 17.70. RSI (Relative Strength Index) is 84.89 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.87, which suggests the price will increase in the coming days. Percent R is at 8.32%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
