In a filing, Wave Life Sciences Ltd. revealed its insider Francis Chris unloaded Company’s shares for reported $2.86 million on Oct 16 ’24. In the deal valued at $13.67 per share,208,836 shares were sold. As a result of this transaction, Francis Chris now holds 0 shares worth roughly $0.0.
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Then, BOLNO PAUL sold 90,474 shares, generating $1,357,110 in total proceeds. Upon selling the shares at $15.00, the President and CEO now owns 268,585 shares.
Before that, CHRISTOPHER FRANCIS bought 208,836 shares. Wave Life Sciences Ltd. shares valued at $2,855,051 were divested by the Officer at a price of $13.67 per share.
Raymond James upgraded its Wave Life Sciences Ltd. [WVE] rating to a Strong buy from a an Outperform in a research note published recently. B. Riley Securities began covering WVE with “Buy” recommendation on September 19, 2024. JP Morgan started covering the stock on September 09, 2024. It rated WVE as “an Overweight”.
Price Performance Review of WVE
On Friday, Wave Life Sciences Ltd. [NASDAQ:WVE] saw its stock jump 4.79% to $15.31. Over the last five days, the stock has gained 77.82%. Wave Life Sciences Ltd. shares have risen nearly 203.17% since the year began. Nevertheless, the stocks have risen 172.42% over the past one year. While a 52-week high of $15.92 was reached on 10/17/24, a 52-week low of $3.50 was recorded on 02/14/24. SMA at 50 days reached $7.09, while 200 days put it at $5.87.
Levels Of Support And Resistance For WVE Stock
The 24-hour chart illustrates a support level at 14.58, which if violated will result in even more drops to 13.84. On the upside, there is a resistance level at 15.72. A further resistance level may holdings at 16.12. The Relative Strength Index (RSI) on the 14-day chart is 83.66, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.56%. Stochastics %K at 89.30% indicates the stock is a selling.
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 2024-09-30, growing by 2.22 million shares to a total of 5.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.38 million shares. There was a rise of 39.62%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 15, 2024 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $11 price target.
