In a filing, Webtoon Entertainment Inc revealed its Director Kim Namsun acquired Company’s shares for reported $0.1 million on Aug 21 ’24. In the deal valued at $13.90 per share,7,195 shares were bought. As a result of this transaction, Kim Namsun now holds 7,195 shares worth roughly $77921.85.
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Then, Kim Junkoo bought 22,596 shares, generating $268,440 in total proceeds. Upon buying the shares at $11.88, the insider now owns 905,070 shares.
Before that, Kim Junkoo bought 18,935 shares. Webtoon Entertainment Inc shares valued at $241,263 were divested by the insider at a price of $12.74 per share. As a result of the transaction, Kim Junkoo now holds 924,005 shares, worth roughly $10.01 million.
HSBC Securities initiated its Webtoon Entertainment Inc [WBTN] rating to a Buy in a research note published on September 04, 2024; the price target was $23. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in late July with a ‘”an Equal-weight”‘ rating. JP Morgan began covering WBTN with “Neutral” recommendation on July 22, 2024. Goldman started covering the stock on July 22, 2024. It rated WBTN as “a Buy”.
Price Performance Review of WBTN
On Friday, Webtoon Entertainment Inc [NASDAQ:WBTN] saw its stock fall -7.67% to $10.83. Over the last five days, the stock has gained 2.75%. Webtoon Entertainment Inc shares have fallen nearly -52.91% since the year began.
Levels Of Support And Resistance For WBTN Stock
The 24-hour chart illustrates a support level at 10.00, which if violated will result in even more drops to 9.18. On the upside, there is a resistance level at 12.41. A further resistance level may holdings at 13.99. The Relative Strength Index (RSI) on the 14-day chart is 44.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.46%. Stochastics %K at 47.12% indicates the stock is a holding.
How much short interest is there in Webtoon Entertainment Inc?
A steep rise in short interest was recorded in Webtoon Entertainment Inc stocks on 2024-10-15, growing by 1.02 million shares to a total of 2.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.37 million shares. There was a rise of 42.6%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 22, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $30 price target.
