European Wax Center Inc’s recently made public 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 $0.46 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.
Morgan Stanley downgraded its European Wax Center Inc [EWCZ] rating to an Underweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Neutral”. Piper Sandler also remained covering EWCZ and has increased its forecast on September 21, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Robert W. Baird revised its rating on April 05, 2023. It rated EWCZ as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of EWCZ
On Tuesday, European Wax Center Inc [NASDAQ:EWCZ] saw its stock jump 4.63% to $6.10. Over the last five days, the stock has lost -3.79%. European Wax Center Inc shares have fallen nearly -55.11% since the year began. Nevertheless, the stocks have fallen -59.12% 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 $6.85, while 200 days put it at $9.51.
Levels Of Support And Resistance For EWCZ Stock
The 24-hour chart illustrates a support level at 5.89, which if violated will result in even more drops to 5.67. On the upside, there is a resistance level at 6.24. A further resistance level may holdings at 6.37. The Relative Strength Index (RSI) on the 14-day chart is 43.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.58%. Stochastics %K at 17.02% indicates the stock is a buying.
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, 2022 when Piper Sandler began covering the stock and recommended ‘”a Neutral”‘ rating along with a $22 price target.
