Weave Communications Inc’s recently made public that its Director Modersitzki Blake G unloaded Company’s shares for reported $1.4 million on Dec 23 ’24. In the deal valued at $16.49 per share,84,764 shares were sold. As a result of this transaction, Modersitzki Blake G now holds 201,975 shares worth roughly $3.22 million.
Then, PELION VENTURES VI-A LP bought 18,608 shares, generating $299,961 in total proceeds.
Before that, PELION VENTURES VI LP bought 272,147 shares. Weave Communications Inc shares valued at $4,387,010 were divested by the 10% Owner at a price of $16.12 per share.
Raymond James upgraded its Weave Communications Inc [WEAV] rating to a Strong buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Overweight”. Loop Capital also remained covering WEAV and has increased its forecast on June 26, 2023 with a “Buy” recommendation from previously “Hold” rating. Raymond James revised its rating on May 04, 2023. It rated WEAV as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of WEAV
On Friday, Weave Communications Inc [NYSE:WEAV] saw its stock jump 1.66% to $15.95. Over the last five days, the stock has lost -0.81%. Weave Communications Inc shares have risen nearly 0.19% since the year began. Nevertheless, the stocks have risen 41.40% over the past one year. While a 52-week high of $16.56 was reached on 01/02/25, a 52-week low of $8.10 was recorded on 01/02/25. SMA at 50 days reached $14.44, while 200 days put it at $11.50.
Levels Of Support And Resistance For WEAV Stock
The 24-hour chart illustrates a support level at 15.65, which if violated will result in even more drops to 15.35. On the upside, there is a resistance level at 16.13. A further resistance level may holdings at 16.30. The Relative Strength Index (RSI) on the 14-day chart is 61.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.88%. Stochastics %K at 52.11% indicates the stock is a holding.
How much short interest is there in Weave Communications Inc?
A steep rise in short interest was recorded in Weave Communications Inc stocks on 2024-12-13, growing by 0.7 million shares to a total of 1.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.02 million shares. There was a rise of 40.81%, which implies that there is a positive sentiment for the stock.
