Key Points
- Major shareholder Financial Lp Hrt sold 885,977 AiRWA shares at an average price of $0.08, generating $70,878.16. The shareholder also sold shares in two other recent transactions and bought 75,985 shares on August 7.
- AiRWA shares opened at $0.06 after an 11.6% decline, with a reported market capitalization of approximately $59,325. The company is scheduled to complete a 1-for-20 reverse stock split before the market opens on August 17.
- Analyst sentiment remains negative: Weiss Ratings reaffirmed a “sell” rating, and MarketBeat reports an average rating of “Sell.” Hedge funds and institutional investors own approximately 4.03% of the company.
AiRWA Inc. (NASDAQ:YYAI - Get Free Report) major shareholder Financial Lp Hrt sold 885,977 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $0.08, for a total value of $70,878.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Monday, August 10th, Financial Lp Hrt sold 421,879 shares of AiRWA stock. The shares were sold at an average price of $0.08, for a total value of $33,750.32.
- On Friday, August 7th, Financial Lp Hrt bought 75,985 shares of AiRWA stock. The stock was bought at an average price of $0.08 per share, for a total transaction of $6,078.80.
- On Tuesday, August 4th, Financial Lp Hrt sold 414,525 shares of AiRWA stock. The stock was sold at an average price of $0.02, for a total value of $8,290.50.
AiRWA Trading Down 11.6%
Shares of YYAI stock opened at $0.06 on Friday. The stock has a 50 day moving average of $5.75 and a 200 day moving average of $23.77. The stock has a market cap of $59,325.00, a P/E ratio of 0.00 and a beta of -1.61. AiRWA Inc. has a twelve month low of $0.05 and a twelve month high of $10,576.80.
AiRWA's stock is scheduled to reverse split before the market opens on Monday, August 17th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 16th.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a "sell (d)" rating on shares of AiRWA in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of "Sell".
Read Our Latest Stock Report on AiRWA
Institutional Trading of AiRWA
A number of institutional investors and hedge funds have recently made changes to their positions in YYAI. Geode Capital Management LLC raised its stake in shares of AiRWA by 136.7% during the 4th quarter. Geode Capital Management LLC now owns 176,626 shares of the company's stock worth $138,000 after buying an additional 101,999 shares during the period. Jane Street Group LLC increased its holdings in AiRWA by 47.7% in the 4th quarter. Jane Street Group LLC now owns 71,054 shares of the company's stock worth $55,000 after acquiring an additional 22,951 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in AiRWA by 12.5% in the 2nd quarter. XTX Topco Ltd now owns 50,761 shares of the company's stock worth $45,000 after acquiring an additional 5,630 shares in the last quarter. 4.03% of the stock is currently owned by hedge funds and other institutional investors.
AiRWA Company Profile
(
Get Free Report)
Connexa Sports Technologies Inc engages in the sports equipment and technology business in the United States. The company offers Slinger Launcher, a portable padel tennis ball launcher and pickleball launcher; and Slinger Bag Launcher, a ball launcher built into transport wheeled trolley bag. It also provides Gameface, AI technology and performance analytics for sports. Connexa Sports Technologies Inc is based in Windsor Mill, Maryland.
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