The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Flywire Corp shares valued at $82,092 were sold by Butterfield Peter on Sep 09 ’24. At $17.29 per share, Butterfield Peter sold 4,747 shares. The insider’s holdings dropped to 267,435 shares worth approximately $5.9 million following the completion of this transaction.
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Also, Peter Butterfield purchased 4,747 shares, netting a total of over 82,092 in proceeds.
Before that, Butterfield Peter had sold 1,335 shares from its account. In a trade valued at $23,114, the General Counsel and CCO traded Flywire Corp shares for $17.31 each. Upon closing the transaction, the insider’s holdings decreased to 1,335 shares, worth approximately $6.0 million.
As published in a research note from Wells Fargo on October 11, 2024, Flywire Corp [FLYW] has been rated down from an Overweight to an Equal weight and the price target has been revised to $18 from $20. Analysts at Wedbush started covering the stock with ‘”a Neutral”‘ outlook in a report released in late May. As of March 01, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for FLYW. Earlier on February 06, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for FLYW stock.
Analyzing FLYW Stock Performance
During the last five days, there has been a drop of approximately -1.83%. Over the course of the year, Flywire Corp shares have dropped approximately -4.75%. Shares of the company reached a 52-week high of $31.54 on 02/28/24 and a 52-week low of $15.19 on 06/20/24. A 50-day SMA is recorded $18.93, while a 200-day SMA reached $19.39. Nevertheless, trading volume fell to 1.02 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for Flywire Corp (FLYW)
According to the 24-hour chart, there is a support level at 21.67, which, if violated, would cause prices to drop to 21.30. In the upper region, resistance lies at 22.58. The next price resistance is at 23.11. RSI (Relative Strength Index) is 57.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 57.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
