Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. European Wax Center Inc shares valued at $87,278 were sold by Scott Nital P. on Dec 18 ’24. At $5.80 per share, Scott Nital P. sold 15,048 shares. The insider’s holdings dropped to 14,214 shares worth approximately $97223.76 following the completion of this transaction.
Also, Scott Nital P. sold 4,344 shares, netting a total of over 25,419 in proceeds. Following the sale of shares at $5.85 each, the insider now holds 29,262 shares.
Before that, Scott Nital P. had added 15,048 shares to its account. In a trade valued at $87,278, the Director bought European Wax Center Inc shares for $5.80 each.
As published in a research note from Piper Sandler on January 06, 2025, European Wax Center Inc [EWCZ] has been rated down from an Overweight to a Neutral and the price target has been revised to $7 from $9. Analysts at Telsey Advisory Group downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid December. As of November 15, 2024, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for EWCZ. Earlier on August 15, 2024, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for EWCZ stock which previously was a “a Buy”.
Analyzing EWCZ Stock Performance
During the last five days, there has been a surge of approximately 2.55%. Over the course of the year, European Wax Center Inc shares have jumped approximately 2.55%. Shares of the company reached a 52-week high of $7.15 on 01/28/25 and a 52-week low of $5.80 on 01/13/25. A 50-day SMA is recorded $6.34, while a 200-day SMA reached $7.97. Nevertheless, trading volume fell to 0.61 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for European Wax Center Inc (EWCZ)
According to the 24-hour chart, there is a support level at 6.72, which, if violated, would cause prices to drop to 6.59. In the upper region, resistance lies at 6.99. The next price resistance is at 7.13. RSI (Relative Strength Index) is 54.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 50.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
