European Wax Center Inc’s recently made public that its Director Scott Nital P. unloaded Company’s shares for reported $87278.0 on Dec 18 ’24. In the deal valued at $5.80 per share,15,048 shares were sold. As a result of this transaction, Scott Nital P. now holds 14,214 shares worth roughly $59840.94.
Then, Scott Nital P. sold 4,344 shares, generating $25,419 in total proceeds. Upon selling the shares at $5.85, the Director now owns 29,262 shares.
Before that, Scott Nital P. bought 15,048 shares. European Wax Center Inc shares valued at $87,278 were divested by the Director at a price of $5.80 per share.
Telsey Advisory Group reiterated its European Wax Center Inc [EWCZ] rating to a Market perform in a research note published on March 12, 2025; the price target was $5. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “a Neutral”. Telsey Advisory Group also remained covering EWCZ and has decreased its forecast on December 19, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Morgan Stanley revised its rating on November 15, 2024. It rated EWCZ as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of EWCZ
On Tuesday, European Wax Center Inc [NASDAQ:EWCZ] saw its stock fall -0.24% to $4.21. Over the last five days, the stock has lost -5.39%. European Wax Center Inc shares have fallen nearly -36.88% since the year began. Nevertheless, the stocks have fallen -65.72% over the past one year. While a 52-week high of $13.31 was reached on 02/18/25, a 52-week low of $2.72 was recorded on 03/11/25. SMA at 50 days reached $6.28, while 200 days put it at $7.36.
Levels Of Support And Resistance For EWCZ Stock
The 24-hour chart illustrates a support level at 4.11, which if violated will result in even more drops to 4.00. On the upside, there is a resistance level at 4.29. A further resistance level may holdings at 4.37. The Relative Strength Index (RSI) on the 14-day chart is 20.60, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.50%. Stochastics %K at 39.42% indicates the stock is a holding.
How much short interest is there in European Wax Center Inc?
A steep rise in short interest was recorded in European Wax Center Inc stocks on 2025-02-28, dropping by 95295.0 shares to a total of 1.83 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 1.92 million shares. There was a decline of -5.22%, which implies that there is a negative sentiment for the stock.
