In a filing, European Wax Center Inc revealed its Director Scott Nital P. unloaded Company’s shares for reported $87278.0 on Dec 18 ’24. In the deal valued at $5.80 per share,15,048 shares were sold. As a result of this transaction, Scott Nital P. now holds 14,214 shares worth roughly $89406.06.
Then, Scott Nital P. sold 4,344 shares, generating $25,419 in total proceeds. Upon selling the shares at $5.85, the Director now owns 29,262 shares.
Before that, Scott Nital P. bought 15,048 shares. European Wax Center Inc shares valued at $87,278 were divested by the Director at a price of $5.80 per share.
Piper Sandler downgraded its European Wax Center Inc [EWCZ] rating to a Neutral from a an Overweight in a research note published on January 06, 2025; the price target was decreased to $7 from $9. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Market perform”. Morgan Stanley also remained covering EWCZ and has decreased its forecast on November 15, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Citigroup revised its rating on August 15, 2024. It rated EWCZ as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EWCZ
On Tuesday, European Wax Center Inc [NASDAQ:EWCZ] saw its stock fall -0.32% to $6.29. Over the last five days, the stock has gained 2.78%. European Wax Center Inc shares have fallen nearly -5.70% since the year began. Nevertheless, the stocks have fallen -59.63% over the past one year. While a 52-week high of $15.95 was reached on 01/13/25, a 52-week low of $4.80 was recorded on 01/13/25. SMA at 50 days reached $6.39, while 200 days put it at $8.49.
Levels Of Support And Resistance For EWCZ Stock
The 24-hour chart illustrates a support level at 6.05, which if violated will result in even more drops to 5.80. On the upside, there is a resistance level at 6.49. A further resistance level may holdings at 6.68. The Relative Strength Index (RSI) on the 14-day chart is 51.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.25%. Stochastics %K at 71.28% indicates the stock is a holding.
How much short interest is there in European Wax Center Inc?
A steep rise in short interest was recorded in European Wax Center Inc stocks on 2024-10-31, dropping by -0.11 million shares to a total of 2.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.38 million shares. There was a decline of -4.96%, which implies that there is a negative sentiment for the stock.
