Weave Communications Inc’s recent filing unveils that its Director PELION VENTURES VI LP acquired Company’s shares for reported $0.63 million on Nov 08 ’24. In the deal valued at $14.19 per share,44,076 shares were bought.
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Then, PELION VENTURES VI-A LP C/O PE bought 3,014 shares, generating $42,781 in total proceeds.
Before that, PELION VENTURES VI LP bought 113,395 shares. Weave Communications Inc shares valued at $1,587,530 were divested by the 10% Owner at a price of $14.00 per share.
Raymond James upgraded its Weave Communications Inc [WEAV] rating to a Strong buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Overweight”. Loop Capital also remained covering WEAV and has increased its forecast on June 26, 2023 with a “Buy” recommendation from previously “Hold” rating. Raymond James revised its rating on May 04, 2023. It rated WEAV as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of WEAV
On Monday, Weave Communications Inc [NYSE:WEAV] saw its stock fall -1.27% to $14.00. Over the last five days, the stock has gained 7.61%. Weave Communications Inc shares have risen nearly 22.06% since the year began. Nevertheless, the stocks have risen 78.12% over the past one year. While a 52-week high of $14.50 was reached on 11/08/24, a 52-week low of $7.76 was recorded on 05/03/24. SMA at 50 days reached $12.51, while 200 days put it at $11.07.
Levels Of Support And Resistance For WEAV Stock
The 24-hour chart illustrates a support level at 13.69, which if violated will result in even more drops to 13.39. On the upside, there is a resistance level at 14.35. A further resistance level may holdings at 14.69. The Relative Strength Index (RSI) on the 14-day chart is 61.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.26%. Stochastics %K at 81.59% indicates the stock is a selling.
How much short interest is there in Weave Communications Inc?
A steep rise in short interest was recorded in Weave Communications Inc stocks on 2024-10-15, growing by 0.47 million shares to a total of 0.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.43 million shares. There was a rise of 52.15%, which implies that there is a positive sentiment for the stock.
