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A company insider recently bought 64,500 shares of WW International Inc [WW]. Should You Buy?

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. WW International Inc shares valued at $49,897 were purchased by KELLY DENIS F on Aug 06 ’24. At $0.77 per share, KELLY DENIS F acquired 64,500 shares. The insider’s holdings grew to 145,421 shares worth approximately $0.17 million following the completion of this transaction.

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Also, Sistani Sima purchased 65,000 shares, netting a total of over 48,555 in proceeds. Following the buying of shares at $0.75 each, the insider now holds 267,410 shares.

As published in a research note from Morgan Stanley on July 26, 2024, WW International Inc [WW] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $1.25 from $6.50. Analysts at Barclays started covering the stock with ‘”an Underweight”‘ outlook in a report released in early January. Earlier on September 27, 2023, Craig Hallum upgraded its rating. Their new recommendation was “a Hold” for WW stock which previously was a “a Sell”.

Analyzing WW Stock Performance

During the last five days, there has been a drop of approximately -24.52%. Over the course of the year, WW International Inc shares have dropped approximately -86.28%. Shares of the company reached a 52-week high of $8.7400 on 01/02/24 and a 52-week low of $0.6711 on 09/10/24. A 50-day SMA is recorded $1.1966, while a 200-day SMA reached $1.3288. Nevertheless, trading volume fell to 1.12 million shares from 4.33 million shares the previous day.

Support And Resistance Levels for WW International Inc (WW)

According to the 24-hour chart, there is a support level at 1.1700, which, if violated, would cause prices to drop to 1.1500. In the upper region, resistance lies at 1.2300. The next price resistance is at 1.2700. RSI (Relative Strength Index) is 46.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1693, which suggests the price will decrease in the coming days. Percent R is at 83.33%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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