Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Weave Communications Inc shares valued at $1,958,244 were sold by Modersitzki Blake G on Dec 03 ’24. At $14.17 per share, Modersitzki Blake G sold 138,183 shares. The insider’s holdings dropped to 270,156 shares worth approximately $3.77 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Modersitzki Blake G sold 120,551 shares, netting a total of over 1,675,659 in proceeds. Following the sale of shares at $13.90 each, the insider now holds 262,440 shares.
Before that, Modersitzki Blake G had sold 35,708 shares from its account. In a trade valued at $499,555, the Director traded Weave Communications Inc shares for $13.99 each. Upon closing the transaction, the insider’s holdings decreased to 35,708 shares, worth approximately $3.63 million.
As published in a research note from Raymond James on February 26, 2024, Weave Communications Inc [WEAV] has been rated up from an Outperform to a Strong buy and the price target has been revised to $15. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of June 26, 2023, Loop Capital has increased its “Hold” rating to a “Buy” for WEAV. Earlier on May 04, 2023, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for WEAV stock which previously was a “a Mkt perform”.
Analyzing WEAV Stock Performance
During the last five days, there has been a drop of approximately -0.43%. Over the course of the year, Weave Communications Inc shares have jumped approximately 21.62%. Shares of the company reached a 52-week high of $14.50 on 11/08/24 and a 52-week low of $8.10 on 05/03/24. A 50-day SMA is recorded $13.43, while a 200-day SMA reached $11.15. Nevertheless, trading volume fell to 0.7 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for Weave Communications Inc (WEAV)
According to the 24-hour chart, there is a support level at 13.78, which, if violated, would cause prices to drop to 13.60. In the upper region, resistance lies at 14.26. The next price resistance is at 14.56. RSI (Relative Strength Index) is 53.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.36, which suggests the price will decrease in the coming days. Percent R is at 30.91%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
