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Waystar Holding Corp [NASDAQ: WAY] Sees Decrease in Stock Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Waystar Holding Corp shares valued at $564,857 were sold by Oreskovich Steven M on Dec 12 ’24. At $33.89 per share, Oreskovich Steven M sold 16,666 shares. The insider’s holdings dropped to 173,642 shares worth approximately $6.03 million following the completion of this transaction.

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Also, STEVEN M ORESKOVICH purchased 16,666 shares, netting a total of over 566,977 in proceeds.

Before that, DRISCOLL JOHN PATRICK had added 6,000 shares to its account. In a trade valued at $129,000, the Chairperson bought Waystar Holding Corp shares for $21.50 each. Upon closing the transaction, the insider’s holdings increased to 6,000 shares, worth approximately $2.97 million.

As published in a research note from Raymond James on November 22, 2024, Waystar Holding Corp [WAY] has been rated up from an Outperform to a Strong buy and the price target has been revised to $40. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in early July. As of July 02, 2024, RBC Capital Mkts has initiated its “an Outperform” rating for WAY. Earlier on July 02, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for WAY stock.

Analyzing WAY Stock Performance

During the last five days, there has been a surge of approximately 2.00%. Over the course of the year, Waystar Holding Corp shares have jumped approximately 67.63%. Nevertheless, trading volume fell to 1.27 million shares from 2.84 million shares the previous day.

Support And Resistance Levels for Waystar Holding Corp (WAY)

According to the 24-hour chart, there is a support level at 33.84, which, if violated, would cause prices to drop to 32.97. In the upper region, resistance lies at 36.10. The next price resistance is at 37.49. RSI (Relative Strength Index) is 71.11 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.72, which suggests the price will increase in the coming days. Percent R is at 27.07%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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