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Keeping an Eye on Waystar Holding Corp (WAY) After Insider Trading Activity

Waystar Holding Corp’s recently made public that its Chairperson DRISCOLL JOHN PATRICK acquired Company’s shares for reported $0.13 million on Jun 10 ’24. In the deal valued at $21.50 per share,6,000 shares were bought. As a result of this transaction, DRISCOLL JOHN PATRICK now holds 85,623 shares worth roughly $2.46 million.

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William Blair initiated its Waystar Holding Corp [WAY] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in early July with a ‘”an Outperform”‘ rating. Raymond James began covering WAY with “an Outperform” recommendation on July 02, 2024. JP Morgan started covering the stock on July 02, 2024. It rated WAY as “an Overweight”.

Price Performance Review of WAY

On Friday, Waystar Holding Corp [NASDAQ:WAY] saw its stock jump 0.84% to $28.77. Over the last five days, the stock has gained 4.18%. Waystar Holding Corp shares have risen nearly 38.99% since the year began.

Levels Of Support And Resistance For WAY Stock

The 24-hour chart illustrates a support level at 28.48, which if violated will result in even more drops to 28.18. On the upside, there is a resistance level at 29.15. A further resistance level may holdings at 29.52. The Relative Strength Index (RSI) on the 14-day chart is 65.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.87%. Stochastics %K at 68.16% indicates the stock is a holding.

How much short interest is there in Waystar Holding Corp?

A steep rise in short interest was recorded in Waystar Holding Corp stocks on 2024-10-15, growing by 1.7 million shares to a total of 2.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.88 million shares. There was a rise of 65.86%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on July 02, 2024 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $32 price target.

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