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Recent Insider Activity Suggests Potential Gains for Waystar Holding Corp (WAY)

Waystar Holding Corp’s recently made public that its Chief Financial Officer Oreskovich Steven M unloaded Company’s shares for reported $0.56 million on Dec 12 ’24. In the deal valued at $33.89 per share,16,666 shares were sold. As a result of this transaction, Oreskovich Steven M now holds 173,642 shares worth roughly $7.11 million.

Then, STEVEN M ORESKOVICH bought 16,666 shares, generating $566,977 in total proceeds.

Before that, DRISCOLL JOHN PATRICK bought 6,000 shares. Waystar Holding Corp shares valued at $129,000 were divested by the Chairperson at a price of $21.50 per share. As a result of the transaction, DRISCOLL JOHN PATRICK now holds 85,623 shares, worth roughly $3.5 million.

Raymond James upgraded its Waystar Holding Corp [WAY] rating to a Strong buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in early July with a ‘”an Outperform”‘ rating. RBC Capital Mkts began covering WAY with “an Outperform” recommendation on July 02, 2024. Raymond James started covering the stock on July 02, 2024. It rated WAY as “an Outperform”.

Price Performance Review of WAY

On Friday, Waystar Holding Corp [NASDAQ:WAY] saw its stock fall -0.02% to $40.93. Over the last five days, the stock has gained 1.84%. Waystar Holding Corp shares have risen nearly 11.53% since the year began.

Levels Of Support And Resistance For WAY Stock

The 24-hour chart illustrates a support level at 40.63, which if violated will result in even more drops to 40.34. On the upside, there is a resistance level at 41.36. A further resistance level may holdings at 41.80. The Relative Strength Index (RSI) on the 14-day chart is 63.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.62%. Stochastics %K at 85.23% indicates the stock is a selling.

How much short interest is there in Waystar Holding Corp?

A steep rise in short interest was recorded in Waystar Holding Corp stocks on 2025-01-15, dropping by -0.56 million shares to a total of 4.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 4.59 million shares. There was a decline of -13.77%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on July 02, 2024 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $24 price target.

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