Wave Life Sciences Ltd’s filing revealed that its President and CEO BOLNO PAUL unloaded Company’s shares for reported $0.73 million on Nov 15 ’24. In the deal valued at $14.32 per share,51,234 shares were sold. As a result of this transaction, BOLNO PAUL now holds 217,351 shares worth roughly $2.97 million.
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Then, PAUL BOLNO bought 51,234 shares, generating $733,743 in total proceeds.
Before that, Francis Chris sold 36,000 shares. Wave Life Sciences Ltd shares valued at $576,000 were divested by the insider at a price of $16.00 per share. As a result of the transaction, Francis Chris now holds 0 shares, worth roughly $0.0.
Raymond James upgraded its Wave Life Sciences Ltd [WVE] rating to a Strong buy from a an Outperform in a research note published recently. B. Riley Securities began covering WVE with “Buy” recommendation on September 19, 2024. JP Morgan started covering the stock on September 09, 2024. It rated WVE as “an Overweight”.
Price Performance Review of WVE
On Friday, Wave Life Sciences Ltd [NASDAQ:WVE] saw its stock fall -8.87% to $13.67. Over the last five days, the stock has lost -16.85%. Wave Life Sciences Ltd shares have risen nearly 170.69% since the year began. Nevertheless, the stocks have risen 151.75% over the past one year. While a 52-week high of $16.74 was reached on 11/11/24, a 52-week low of $3.50 was recorded on 02/14/24. SMA at 50 days reached $10.76, while 200 days put it at $6.88.
Levels Of Support And Resistance For WVE Stock
The 24-hour chart illustrates a support level at 13.11, which if violated will result in even more drops to 12.55. On the upside, there is a resistance level at 14.75. A further resistance level may holdings at 15.83. The Relative Strength Index (RSI) on the 14-day chart is 50.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.26%. Stochastics %K at 45.80% indicates the stock is a holding.
How much short interest is there in Wave Life Sciences Ltd?
A steep rise in short interest was recorded in Wave Life Sciences Ltd stocks on 2024-10-31, growing by 1.23 million shares to a total of 6.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.59 million shares. There was a rise of 18.02%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 15, 2024 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $11 price target.
