Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Weave Communications Inc shares valued at $122,947 were purchased by Taylor Alan on Oct 14 ’24. At $14.12 per share, Taylor Alan acquired 8,710 shares.
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Also, PELION VENTURES VI LP purchased 113,395 shares, netting a total of over 1,563,717 in proceeds.
Before that, PELION VENTURES VI-A LP had added 7,753 shares to its account. In a trade valued at $106,914, the 10% Owner bought Weave Communications Inc shares for $13.79 each.
As published in a research note from Raymond James on February 26, 2024, Weave Communications Inc [WEAV] has been rated up from an Outperform to a Strong buy and the price target has been revised to $15. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of June 26, 2023, Loop Capital has increased its “Hold” rating to a “Buy” for WEAV. Earlier on May 04, 2023, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for WEAV stock which previously was a “a Mkt perform”.
Analyzing WEAV Stock Performance
During the last five days, there has been a surge of approximately 7.19%. Over the course of the year, Weave Communications Inc shares have jumped approximately 22.23%. Shares of the company reached a 52-week high of $14.34 on 10/31/24 and a 52-week low of $8.10 on 05/03/24. A 50-day SMA is recorded $12.16, while a 200-day SMA reached $11.01. Nevertheless, trading volume fell to 3.27 million shares from 1.92 million shares the previous day.
Support And Resistance Levels for Weave Communications Inc (WEAV)
According to the 24-hour chart, there is a support level at 13.40, which, if violated, would cause prices to drop to 12.78. In the upper region, resistance lies at 14.49. The next price resistance is at 14.96. RSI (Relative Strength Index) is 69.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 19.51%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
