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

WiSA Technologies, Inc. (NASDAQ:WISA) insider Brett Moyer sold 6,553 shares of the stock in a transaction dated Monday, December 23rd. The stock was 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 of the company’s stock, valued at approximately $435,498.05. The trade was a 2.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $1.98, for a total transaction of $166.32.

WiSA Technologies Stock Up 10.7 %

Shares of NASDAQ WISA traded up $0.22 during midday 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 one year low of $1.15 and a one year high of $18.75. The company’s 50 day moving average is $1.78 and its 200 day moving average is $1.99.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets lowered 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 Investors Weigh In On WiSA Technologies

A hedge fund recently bought a new stake in WiSA Technologies stock. State Street Corp bought a new position in WiSA Technologies, Inc. (NASDAQ:WISA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,502 shares of the company’s stock, valued at approximately $35,000. State Street Corp owned approximately 0.35% of WiSA Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.66% of the company’s stock.

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.