In a filing, BigCommerce Holdings Inc revealed its President Chief Exec Officer Bellm Brent unloaded Company’s shares for reported $61649.0 on Mar 04 ’24. In the deal valued at $7.63 per share,8,078 shares were sold. As a result of this transaction, Bellm Brent now holds 722,705 shares worth roughly $5.0 million.
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Then, Klein Russell Scott sold 3,198 shares, generating $24,406 in total proceeds. Upon selling the shares at $7.63, the Chief Commercial Officer now owns 428,770 shares.
Before that, Dhatt Brian Singh sold 1,919 shares. BigCommerce Holdings Inc shares valued at $14,645 were divested by the Chief Technology Officer at a price of $7.63 per share. As a result of the transaction, Dhatt Brian Singh now holds 232,612 shares, worth roughly $1.61 million.
BofA Securities downgraded its BigCommerce Holdings Inc [BIGC] rating to an Underperform from a a Neutral in a research note published on March 25, 2024; the price target was decreased to $7.50 from $11. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. UBS began covering BIGC with “Neutral” recommendation on September 22, 2023. DA Davidson started covering the stock on March 09, 2023. It rated BIGC as “a Neutral”.
Price Performance Review of BIGC
On Monday, BigCommerce Holdings Inc [NASDAQ:BIGC] saw its stock fall -4.95% to $6.92. Over the last five days, the stock has lost -4.02%. BigCommerce Holdings Inc shares have fallen nearly -28.88% since the year began. Nevertheless, the stocks have fallen -20.64% over the past one year. While a 52-week high of $12.75 was reached on 01/02/24, a 52-week low of $6.81 was recorded on 03/25/24. SMA at 50 days reached $7.99, while 200 days put it at $9.31. A total of 1.03 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For BIGC Stock
The 24-hour chart illustrates a support level at 6.78, which if violated will result in even more drops to 6.64. On the upside, there is a resistance level at 7.08. A further resistance level may holdings at 7.23. The Relative Strength Index (RSI) on the 14-day chart is 33.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.80%. Stochastics %K at 34.33% indicates the stock is a holding.
How much short interest is there in BigCommerce Holdings Inc?
A steep rise in short interest was recorded in BigCommerce Holdings Inc stocks on Feb 29, 2024, growing by 0.5 million shares to a total of 4.59 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 4.09 million shares. There was a rise of 10.89%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.48% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.22.
