European Wax Center Inc’s recent filing unveils that its CAO and Controller Thomassee Cindy unloaded Company’s shares for reported $0.11 million on May 16 ’24. In the deal valued at $11.01 per share,10,000 shares were sold. As a result of this transaction, Thomassee Cindy now holds 75,416 shares worth roughly $0.62 million.
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Then, Thomassee Cindy sold 1,200 shares, generating $17,706 in total proceeds. Upon selling the shares at $14.76, the CAO and Controller now owns 86,900 shares.
Citigroup downgraded its European Wax Center Inc [EWCZ] rating to a Neutral from a a Buy in a research note published on August 15, 2024; the price target was decreased to $5.50 from $16. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “an Overweight”. Robert W. Baird also remained covering EWCZ and has decreased its forecast on April 05, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. Piper Sandler started covering the stock on August 30, 2022. It rated EWCZ as “a Neutral”.
Price Performance Review of EWCZ
On Tuesday, European Wax Center Inc [NASDAQ:EWCZ] saw its stock fall -3.72% to $8.28. Over the last five days, the stock has gained 7.12%. European Wax Center Inc shares have fallen nearly -39.07% since the year began. Nevertheless, the stocks have fallen -31.57% over the past one year. While a 52-week high of $16.07 was reached on 01/09/24, a 52-week low of $4.80 was recorded on 08/14/24. SMA at 50 days reached $7.10, while 200 days put it at $10.14.
Levels Of Support And Resistance For EWCZ Stock
The 24-hour chart illustrates a support level at 8.11, which if violated will result in even more drops to 7.93. On the upside, there is a resistance level at 8.46. A further resistance level may holdings at 8.63. The Relative Strength Index (RSI) on the 14-day chart is 67.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.24%. Stochastics %K at 80.44% indicates the stock is a selling.
How much short interest is there in European Wax Center Inc?
A steep rise in short interest was recorded in European Wax Center Inc stocks on 2024-10-31, dropping by -0.11 million shares to a total of 2.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.38 million shares. There was a decline of -4.96%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 30, 2021 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $30 price target.
