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A company insider recently sold 6,553 shares of WiSA Technologies Inc [WISA]. Should You Sale?

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. WiSA Technologies Inc shares valued at $11,698 were sold by MOYER BRETT on Dec 23 ’24. At $1.79 per share, MOYER BRETT sold 6,553 shares. The insider’s holdings dropped to 243,295 shares worth approximately $0.55 million following the completion of this transaction.

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Also, Mbugua Stanley sold 2,267 shares, netting a total of over 4,047 in proceeds. Following the sale of shares at $1.79 each, the insider now holds 67,733 shares.

Before that, MOYER BRETT had sold 84 shares from its account. In a trade valued at $166, the insider traded WiSA Technologies Inc shares for $1.98 each. Upon closing the transaction, the insider’s holdings decreased to 84 shares, worth approximately $0.57 million.

As published in their initiating research note from H.C. Wainwright on December 14, 2020, WiSA Technologies Inc [WISA] has been a Buy and the price target has been revised to $3.50.

Analyzing WISA Stock Performance

During the last five days, there has been a surge of approximately 34.91%. Over the course of the year, WiSA Technologies Inc shares have dropped approximately -87.00%. Shares of the company reached a 52-week high of $18.10 on 01/03/24 and a 52-week low of $1.15 on 09/03/24. A 50-day SMA is recorded $1.79, while a 200-day SMA reached $2.54. Nevertheless, trading volume fell to 14.22 million shares from 2.38 million shares the previous day.

Support And Resistance Levels for WiSA Technologies Inc (WISA)

According to the 24-hour chart, there is a support level at 1.88, which, if violated, would cause prices to drop to 1.48. In the upper region, resistance lies at 2.67. The next price resistance is at 3.06. RSI (Relative Strength Index) is 74.73 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.29, which suggests the price will decrease in the coming days. Percent R is at 34.55%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.

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