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Craig Hallum gives a Hold recommendation for Wag Group Co (PET)

Wag Group Co’s filing revealed that its Chief Executive Officer Smallwood Garrett unloaded Company’s shares for reported $5907.0 on Nov 19 ’24. In the deal valued at $0.17 per share,34,746 shares were sold. As a result of this transaction, Smallwood Garrett now holds 1,036,573 shares worth roughly $0.31 million.

Then, McCarthy Patrick sold 23,105 shares, generating $3,928 in total proceeds. Upon selling the shares at $0.17, the Chief Marketing Officer now owns 699,500 shares.

Before that, Arjomand Maziar sold 34,746 shares. Wag Group Co shares valued at $5,907 were divested by the Chief Technology Officer at a price of $0.17 per share. As a result of the transaction, Arjomand Maziar now holds 1,159,352 shares, worth roughly $0.35 million.

Craig Hallum downgraded its Wag Group Co [PET] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. Oppenheimer began covering PET with “an Outperform” recommendation on November 22, 2022. ROTH Capital started covering the stock on October 17, 2022. It rated PET as “a Buy”.

Price Performance Review of PET

On Tuesday, Wag Group Co [NASDAQ:PET] saw its stock jump 12.89% to $0.30. Over the last five days, the stock has gained 21.15%. Wag Group Co shares have risen nearly 27.86% since the year began. Nevertheless, the stocks have fallen -84.75% over the past one year. While a 52-week high of $2.47 was reached on 01/03/25, a 52-week low of $0.14 was recorded on 01/13/25. SMA at 50 days reached $0.2409, while 200 days put it at $0.9868.

Levels Of Support And Resistance For PET Stock

The 24-hour chart illustrates a support level at 0.2831, which if violated will result in even more drops to 0.2616. On the upside, there is a resistance level at 0.3181. A further resistance level may holdings at 0.3316. The Relative Strength Index (RSI) on the 14-day chart is 60.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0145, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.15%. Stochastics %K at 64.20% indicates the stock is a holding.

How much short interest is there in Wag Group Co?

A steep rise in short interest was recorded in Wag Group Co stocks on 2025-01-15, dropping by -0.49 million shares to a total of 2.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.96 million shares. There was a decline of -19.92%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on October 14, 2022 when Craig Hallum began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.

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