A company insider recently sold 3,250 shares of ChannelAdvisor Corporation [ECOM]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ChannelAdvisor Corporation shares valued at $49,888 were sold by WINGO M SCOT on Aug 22. At $15.35 per share, WINGO M SCOT sold 3,250 shares. The insider’s holdings dropped to 28,001 shares worth approximately $0.64 million following the completion of this transaction.


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Also, WINGO M SCOT sold 3,250 shares, netting a total of over 48,458 in proceeds. Following the sale of shares at $14.91 each, the insider now holds 31,251 shares.

Before that, WINGO M SCOT had sold 3,250 shares from its account. In a trade valued at $47,060, the Director traded ChannelAdvisor Corporation shares for $14.48 each. Upon closing the transaction, the insider’s holdings decreased to 3,250 shares, worth approximately $0.79 million.

As published in a research note from William Blair on October 16, 2020, ChannelAdvisor Corporation [ECOM] has been rated up from a Mkt perform to an Outperform. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in mid May. As of May 10, 2019, Needham has reiterated its “Buy” rating for ECOM. Earlier on August 10, 2018, Needham resumed its rating. Their recommendation was “a Buy” for ECOM stock.

Analyzing ECOM’s Price Performance

On Wednesday, ChannelAdvisor Corporation [NYSE: ECOM] rose 0.09% to $22.79. The stock’s lowest price that day was $22.76, but it reached a high of $22.80 in the same session. During the last five days, there has been a surge of approximately 0.13%. Over the course of the year, ChannelAdvisor Corporation shares have dropped approximately -7.66%. Shares of the company reached a 52-week high of $24.92 on 01/03/22 and a 52-week low of $11.89 on 05/12/22. A 50-day SMA is recorded $16.95, while a 200-day SMA reached $17.40. Nevertheless, trading volume fell to 1.16 million shares from 0.78 million shares the previous day.

Support And Resistance Levels for ChannelAdvisor Corporation (ECOM)

According to the 24-hour chart, there is a support level at 22.77, which, if violated, would cause prices to drop to 22.74. In the upper region, resistance lies at 22.81. The next price resistance is at 22.82. RSI (Relative Strength Index) is 82.19 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.14, which suggests the price will increase in the coming days. Percent R is at 2.41%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is ChannelAdvisor Corporation subject to short interest?

Stocks of ChannelAdvisor Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.0 shares to 1.28 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 1.28 million shares.

Which companies own the most shares of ChannelAdvisor Corporation (ECOM)?

According to The Vanguard Group, Inc. filings, the company currently owns 1,978,794 shares, which is about 6.89% of the total ECOM shares outstanding. The investor’s shares have plunged by -19,471 from its previous 13-F filing of 1998265.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $29,449,523. Janus Henderson Investors US LLC reduced a -2.05% interest valued at $29.17 million while Wellington Management Co. LLP purchased a 131,465 stake. A total of -26,349 shares of ChannelAdvisor Corporation were bought by Newton Investment Management Nort during the quarter, and 127,929 were bought by Summit Creek Advisors LLC. In its current portfolio, Disciplined Growth Investors, Inc holds 1,016,432 shares valued at $15.34 million.

In terms of ChannelAdvisor Corporation share price expectations, FactSet research, analysts set an average price target of $23.80 in the next 12 months, up nearly 1.45% from the previous closing price of $22.77. Analysts anticipate ChannelAdvisor Corporation stock to reach $26.00 by 2022, with the lowest price target being $23.00. In spite of this, 6 analysts ranked ChannelAdvisor Corporation stock as a Hold at the end of 2022. On May 11, 2018, Needham assigned a price target of “a Buy” to the stock and reiterated coverage with a $17.

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