Insider Selling: WiSA Technologies, Inc. (NASDAQ:WISA) Insider Sells $11,729.87 in Stock

WiSA Technologies, Inc. (NASDAQ:WISA) insider Brett Moyer sold 6,553 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $1.79, for a total value of $11,729.87. Following the transaction, the insider now owns 243,295 shares in the company, valued at approximately $435,498.05. This trade represents a 2.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Brett Moyer also recently made the following trade(s):

• On Wednesday, November 20th, Brett Moyer sold 84 shares of WiSA Technologies stock. The shares were sold at an average price of $1.98, for a total value of $166.32.

WiSA Technologies Trading Up 0.9 %

Shares of WiSA Technologies stock opened at $2.30 on Friday. WiSA Technologies, Inc. has a twelve month low of $1.15 and a twelve month high of $18.75. The company has a 50-day simple moving average of $1.80 and a two-hundred day simple moving average of $1.98.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets dropped their target price on WiSA Technologies from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, December 6th.

Institutional Investors Weigh In On WiSA Technologies

A hedge fund recently bought a new stake in WiSA Technologies stock. State Street Corp acquired a new position in shares of WiSA Technologies, Inc. (NASDAQ:WISA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,502 shares of the company’s stock, valued at approximately $35,000. State Street Corp owned 0.35% of WiSA Technologies at the end of the most recent reporting period. 0.66% of the stock is currently owned by hedge funds and other institutional investors.

About WiSA Technologies

WiSA Technologies, Inc develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in the United States and Europe. The company offers wireless modules. It serves primarily to consumer electronics companies. The company was formerly known as Summit Wireless Technologies, Inc and changed its name to WiSA Technologies Inc in March 2022.