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Craig Hallum downgrades Widepoint Corp (WYY) rating to a Hold

In a filing, Widepoint Corp revealed its COO Dzyak Todd unloaded Company’s shares for reported $23091.0 on Nov 19 ’24. In the deal valued at $4.61 per share,5,009 shares were sold. As a result of this transaction, Dzyak Todd now holds 158,516 shares worth roughly $0.7 million.

Then, Dzyak Todd sold 591 shares, generating $2,529 in total proceeds. Upon selling the shares at $4.28, the COO now owns 163,525 shares.

Before that, GEORGE ROBERT J sold 22,000 shares. Widepoint Corp shares valued at $105,160 were divested by the Chief Financial Officer at a price of $4.78 per share. As a result of the transaction, GEORGE ROBERT J now holds 92,474 shares, worth roughly $0.41 million.

Craig Hallum downgraded its Widepoint Corp [WYY] rating to a Hold from a a Buy in a research note published recently.

Price Performance Review of WYY

On Tuesday, Widepoint Corp [AMEX:WYY] saw its stock jump 1.14% to $4.44. Over the last five days, the stock has lost -8.45%. Widepoint Corp shares have risen nearly 91.38% since the year began. Nevertheless, the stocks have risen 114.49% over the past one year. While a 52-week high of $6.25 was reached on 12/09/24, a 52-week low of $1.83 was recorded on 04/30/24. SMA at 50 days reached $4.43, while 200 days put it at $3.45.

Levels Of Support And Resistance For WYY Stock

The 24-hour chart illustrates a support level at 4.30, which if violated will result in even more drops to 4.15. On the upside, there is a resistance level at 4.69. A further resistance level may holdings at 4.93. The Relative Strength Index (RSI) on the 14-day chart is 42.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.37%. Stochastics %K at 20.69% indicates the stock is a holding.

How much short interest is there in Widepoint Corp?

A steep rise in short interest was recorded in Widepoint Corp stocks on 2024-10-31, growing by 10720.0 shares to a total of 50816.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 40096.0 shares. There was a rise of 21.1%, which implies that there is a positive sentiment for the stock.

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