Market cap of WeWork Inc. [WE] reaches 6.78B – now what?

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WeWork Inc. [NYSE: WE] surged by $0.07 during the normal trading session on Tuesday and reaching a high of $9.72 during the day while it closed the day at $9.54. The company report on January 11, 2022 that Numi Organic Tea Selected As Exclusive Tea Partner of WeWork.

Numi to provide WeWork members access to Climate Neutral, ethically sourced teas in select locations throughout the United States and Canada.


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Numi Organic Tea, an award-winning social enterprise, founding B Corporation member, and a leading purchaser of organic, Fair Trade CertifiedTM teas, today announced that it has partnered with WeWork (NYSE: WE), (“WeWork”), one of the leading global flexible space providers to become its premier tea partner. Numi will provide its tea products to WeWork members in more than 1,000 pantries in over 275 locations in the United States and Canada. Through this partnership, Numi and WeWork are joining forces with a shared purpose to make a positive impact on people and the planet.

WeWork Inc. stock has also gained 3.47% of its value over the past 7 days. However, WE stock has declined by -4.41% in the 3 months of the year. Over the past six months meanwhile, it has lost -11.26% and gained 10.93% year-on date.

The market cap for WE stock reached $6.78 billion, with 716.43 million shares outstanding and 680.70 million shares in the current float. Compared to the average trading volume of 4.43M shares, WE reached a trading volume of 4063600 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about WeWork Inc. [WE]:

The Average True Range (ATR) for WeWork Inc. is set at 0.50, with the Price to Sales ratio for WE stock in the period of the last 12 months amounting to 2.69. The Price to Book ratio for the last quarter was 15.39, with the Price to Cash per share for the same quarter was set at 0.00.

WE stock trade performance evaluation

WeWork Inc. [WE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.47. With this latest performance, WE shares gained by 9.91% in over the last four-week period, additionally sinking by -11.26% over the last 6 months – not to mention a drop of -9.14% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WE stock in for the last two-week period is set at 62.46, with the RSI for the last a single of trading hit 70.65, and the three-weeks RSI is set at 57.22 for WeWork Inc. [WE]. The present Moving Average for the last 50 days of trading for this stock 8.83, while it was recorded at 9.34 for the last single week of trading, and 10.54 for the last 200 days.

WeWork Inc. [WE]: An insightful look at the core fundamentals

WeWork Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.10.

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WeWork Inc. [WE]: Insider Ownership positions

There are presently around $391 million, or 66.70% of WE stock, in the hands of institutional investors. The top three institutional holders of WE stocks are: MORGAN STANLEY with ownership of 8,724,279, which is approximately 19.346% of the company’s market cap and around 0.70% of the total institutional ownership; FMR LLC, holding 7,244,943 shares of the stock with an approximate value of $69.12 million in WE stocks shares; and BLACKROCK INC., currently with $39.67 million in WE stock with ownership of nearly 0% of the company’s market capitalization.

36 institutional holders increased their position in WeWork Inc. [NYSE:WE] by around 12,414,943 shares. Additionally, 25 investors decreased positions by around 10,076,145 shares, while 17 investors held positions by with 18,546,200 shares. The mentioned changes placed institutional holdings at 41,037,288 shares, according to the latest SEC report filing. WE stock had 24 new institutional investments in for a total of 5,162,923 shares, while 14 institutional investors sold positions of 6,740,634 shares during the same period.