Weave Communications Inc’s filing revealed that its Chief Legal Officer & Corp.Sec Goodsell Erin unloaded Company’s shares for reported $0.27 million on Feb 19 ’25. In the deal valued at $17.10 per share,15,801 shares were sold. As a result of this transaction, Goodsell Erin now holds 542,071 shares worth roughly $7.2 million.
Then, Modersitzki Blake G sold 74,756 shares, generating $1,307,482 in total proceeds. Upon selling the shares at $17.49, the Director now owns 179,153 shares.
Before that, Modersitzki Blake G sold 41,991 shares. Weave Communications Inc shares valued at $734,003 were divested by the Director at a price of $17.48 per share. As a result of the transaction, Modersitzki Blake G now holds 183,937 shares, worth roughly $2.44 million.
Raymond James upgraded its Weave Communications Inc [WEAV] rating to a Strong buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Overweight”. Loop Capital also remained covering WEAV and has increased its forecast on June 26, 2023 with a “Buy” recommendation from previously “Hold” rating. Raymond James revised its rating on May 04, 2023. It rated WEAV as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of WEAV
On Friday, Weave Communications Inc [NYSE:WEAV] saw its stock fall -6.80% to $13.29. Over the last five days, the stock has lost -23.53%. Weave Communications Inc shares have fallen nearly -16.52% since the year began. Nevertheless, the stocks have risen 7.79% over the past one year. While a 52-week high of $17.63 was reached on 02/18/25, a 52-week low of $8.10 was recorded on 02/24/25. SMA at 50 days reached $16.10, while 200 days put it at $12.35.
Levels Of Support And Resistance For WEAV Stock
The 24-hour chart illustrates a support level at 12.79, which if violated will result in even more drops to 12.30. On the upside, there is a resistance level at 14.05. A further resistance level may holdings at 14.81. The Relative Strength Index (RSI) on the 14-day chart is 20.94, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.86%. Stochastics %K at 26.80% indicates the stock is a holding.
