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. Weave Communications Inc shares valued at $1,712,839 were sold by Modersitzki Blake G on Jan 31 ’25. At $16.53 per share, Modersitzki Blake G sold 103,620 shares. The insider’s holdings dropped to 188,792 shares worth approximately $3.24 million following the completion of this transaction.
Also, Modersitzki Blake G sold 59,964 shares, netting a total of over 990,006 in proceeds. Following the sale of shares at $16.51 each, the insider now holds 195,423 shares.
Before that, Modersitzki Blake G had sold 40,907 shares from its account. In a trade valued at $673,738, the Director traded Weave Communications Inc shares for $16.47 each. Upon closing the transaction, the insider’s holdings decreased to 40,907 shares, worth approximately $3.42 million.
As published in a research note from Raymond James on February 26, 2024, Weave Communications Inc [WEAV] has been rated up from an Outperform to a Strong buy and the price target has been revised to $15. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of June 26, 2023, Loop Capital has increased its “Hold” rating to a “Buy” for WEAV. Earlier on May 04, 2023, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for WEAV stock which previously was a “a Mkt perform”.
Analyzing WEAV Stock Performance
During the last five days, there has been a surge of approximately 4.82%. Over the course of the year, Weave Communications Inc shares have jumped approximately 7.91%. Shares of the company reached a 52-week high of $17.25 on 02/05/25 and a 52-week low of $15.08 on 01/13/25. A 50-day SMA is recorded $15.56, while a 200-day SMA reached $12.01. Nevertheless, trading volume fell to 1.71 million shares from 0.7 million shares the previous day.
Support And Resistance Levels for Weave Communications Inc (WEAV)
According to the 24-hour chart, there is a support level at 16.90, which, if violated, would cause prices to drop to 16.63. In the upper region, resistance lies at 17.35. The next price resistance is at 17.53. RSI (Relative Strength Index) is 71.69 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.74, which suggests the price will decrease in the coming days. Percent R is at 3.72%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
