Wrap Technologies Inc’s recently made public that its 10% Owner NORRIS ELWOOD G unloaded Company’s shares for reported $73522.0 on Oct 17 ’24. In the deal valued at $1.84 per share,39,990 shares were sold. As a result of this transaction, NORRIS ELWOOD G now holds 898,549 shares worth roughly $1.39 million.
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Then, NORRIS ELWOOD G sold 22,186 shares, generating $36,199 in total proceeds. Upon selling the shares at $1.63, the 10% Owner now owns 938,539 shares.
Before that, NORRIS ELWOOD G sold 12,814 shares. Wrap Technologies Inc shares valued at $20,329 were divested by the 10% Owner at a price of $1.59 per share. As a result of the transaction, NORRIS ELWOOD G now holds 970,725 shares, worth roughly $1.5 million.
Maxim Group downgraded its Wrap Technologies Inc [WRAP] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who began to cover the stock in early May with a ‘”a Buy”‘ rating. Maxim Group began covering WRAP with “Buy” recommendation on April 15, 2021.
Price Performance Review of WRAP
On Tuesday, Wrap Technologies Inc [NASDAQ:WRAP] saw its stock jump 0.97% to $1.55. Over the last five days, the stock has lost -7.83%. Wrap Technologies Inc shares have fallen nearly -50.65% since the year began. Nevertheless, the stocks have fallen -37.04% over the past one year. While a 52-week high of $7.01 was reached on 02/05/24, a 52-week low of $1.21 was recorded on 06/14/24. SMA at 50 days reached $1.6548, while 200 days put it at $1.7192.
Levels Of Support And Resistance For WRAP Stock
The 24-hour chart illustrates a support level at 1.5327, which if violated will result in even more drops to 1.5104. On the upside, there is a resistance level at 1.5746. A further resistance level may holdings at 1.5942. The Relative Strength Index (RSI) on the 14-day chart is 40.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1151, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.42%. Stochastics %K at 10.76% indicates the stock is a buying.
How much short interest is there in Wrap Technologies Inc?
A steep rise in short interest was recorded in Wrap Technologies Inc stocks on 2024-10-31, dropping by -0.26 million shares to a total of 4.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.07 million shares. There was a decline of -5.48%, which implies that there is a negative sentiment for the stock.
