Brett Moyer Sells 6,553 Shares of WiSA Technologies, Inc. (NASDAQ:WISA) Stock

WiSA Technologies, Inc. (NASDAQ:WISA) insider Brett Moyer sold 6,553 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $1.79, for a total transaction of $11,729.87. Following the completion of 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 legal filing with the SEC, which is available 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 stock was sold at an average price of $1.98, for a total value of $166.32.

WiSA Technologies Stock Up 10.7 %

Shares of NASDAQ WISA traded up $0.22 during trading on Thursday, reaching $2.28. 14,240,133 shares of the stock traded hands, compared to its average volume of 3,046,381. WiSA Technologies, Inc. has a 52-week low of $1.15 and a 52-week high of $18.75. The company has a 50-day moving average of $1.78 and a 200-day moving average of $1.99.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets reduced their price objective on shares of WiSA Technologies from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, December 6th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in WiSA Technologies stock. Anson Funds Management LP purchased a new stake in shares of WiSA Technologies, Inc. (NASDAQ:WISA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 353,121 shares of the company’s stock, valued at approximately $625,000. Anson Funds Management LP owned 6.28% of WiSA Technologies as of its most recent SEC filing. 0.66% of the stock is currently owned by hedge funds and other institutional investors.

WiSA Technologies Company Profile

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.