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. Weave Communications Inc shares valued at $194,511 were sold by Taylor Alan on Dec 18 ’24. At $16.15 per share, Taylor Alan sold 12,044 shares. The insider’s holdings dropped to 287,798 shares worth approximately $4.49 million following the completion of this transaction.
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Also, Taylor Alan sold 1,892 shares, netting a total of over 30,272 in proceeds. Following the sale of shares at $16.00 each, the insider now holds 299,842 shares.
Before that, Taylor Alan had added 100 shares to its account. In a trade valued at $1,600, the Officer bought Weave Communications Inc shares for $16.00 each.
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 surge of approximately 0.32%. Over the course of the year, Weave Communications Inc shares have jumped approximately 36.09%. Shares of the company reached a 52-week high of $16.33 on 12/18/24 and a 52-week low of $8.10 on 05/03/24. A 50-day SMA is recorded $13.96, while a 200-day SMA reached $11.31. Nevertheless, trading volume fell to 0.75 million shares from 0.94 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 15.42, which, if violated, would cause prices to drop to 15.23. In the upper region, resistance lies at 15.90. The next price resistance is at 16.19. RSI (Relative Strength Index) is 64.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.67, which suggests the price will decrease in the coming days. Percent R is at 24.11%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
