Weave Communications Inc’s filing revealed that its 10% Owner PELION VENTURES VI LP acquired Company’s shares for reported $4.0 million on Dec 09 ’24. In the deal valued at $14.69 per share,272,147 shares were bought.
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Then, PELION VENTURES VI-A LP bought 18,608 shares, generating $273,352 in total proceeds.
Before that, CROSSLINK CAPITAL INC sold 100,000 shares. Weave Communications Inc shares valued at $1,429,000 were divested by the 10% Owner at a price of $14.29 per share. As a result of the transaction, CROSSLINK CAPITAL INC now holds 6,359,593 shares, worth roughly $94.06 million.
Raymond James upgraded its Weave Communications Inc [WEAV] rating to a Strong buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Overweight”. Loop Capital also remained covering WEAV and has increased its forecast on June 26, 2023 with a “Buy” recommendation from previously “Hold” rating. Raymond James revised its rating on May 04, 2023. It rated WEAV as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of WEAV
On Monday, Weave Communications Inc [NYSE:WEAV] saw its stock jump 0.68% to $14.79. Over the last five days, the stock has gained 7.80%. Weave Communications Inc shares have risen nearly 28.95% since the year began. Nevertheless, the stocks have risen 54.71% over the past one year. While a 52-week high of $14.71 was reached on 12/09/24, a 52-week low of $8.10 was recorded on 05/03/24. SMA at 50 days reached $13.53, while 200 days put it at $11.19.
Levels Of Support And Resistance For WEAV Stock
The 24-hour chart illustrates a support level at 14.38, which if violated will result in even more drops to 13.98. On the upside, there is a resistance level at 15.07. A further resistance level may holdings at 15.36. The Relative Strength Index (RSI) on the 14-day chart is 63.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.48%. Stochastics %K at 86.85% indicates the stock is a selling.
How much short interest is there in Weave Communications Inc?
A steep rise in short interest was recorded in Weave Communications Inc stocks on 2024-11-15, growing by 0.13 million shares to a total of 1.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.89 million shares. There was a rise of 12.61%, which implies that there is a positive sentiment for the stock.
