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. Wave Life Sciences Ltd shares valued at $750,000 were sold by BOLNO PAUL on Nov 25 ’24. At $15.00 per share, BOLNO PAUL sold 50,000 shares. The insider’s holdings dropped to 217,351 shares worth approximately $2.69 million following the completion of this transaction.
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Also, PAUL BOLNO purchased 50,000 shares, netting a total of over 750,000 in proceeds.
Before that, BOLNO PAUL had sold 51,234 shares from its account. In a trade valued at $733,671, the President and CEO traded Wave Life Sciences Ltd shares for $14.32 each. Upon closing the transaction, the insider’s holdings decreased to 51,234 shares, worth approximately $2.69 million.
As published in a research note from Raymond James on October 16, 2024, Wave Life Sciences Ltd [WVE] has been rated up from an Outperform to a Strong buy and the price target has been revised to $22. As of September 19, 2024, B. Riley Securities has initiated its “Buy” rating for WVE. Earlier on September 09, 2024, JP Morgan initiated its rating. Their recommendation was “an Overweight” for WVE stock.
Analyzing WVE Stock Performance
During the last five days, there has been a drop of approximately -5.72%. Over the course of the year, Wave Life Sciences Ltd shares have jumped approximately 144.95%. Shares of the company reached a 52-week high of $16.74 on 11/11/24 and a 52-week low of $3.50 on 02/14/24. A 50-day SMA is recorded $14.34, while a 200-day SMA reached $8.25. Nevertheless, trading volume fell to 0.6 million shares from 0.6 million shares the previous day.
Support And Resistance Levels for Wave Life Sciences Ltd (WVE)
According to the 24-hour chart, there is a support level at 12.11, which, if violated, would cause prices to drop to 11.86. In the upper region, resistance lies at 12.60. The next price resistance is at 12.84. RSI (Relative Strength Index) is 38.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 91.88%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
