Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Getty Images Holdings Inc shares valued at $685,821 were sold by Peters Craig Warren on Mar 25 ’24. At $4.41 per share, Peters Craig Warren sold 155,515 shares. The insider’s holdings dropped to 1,244,048 shares worth approximately $5.3 million following the completion of this transaction.
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Also, Chu Chinh sold 117,739 shares, netting a total of over 487,534 in proceeds. Following the sale of shares at $4.14 each, the insider now holds 9,190,849 shares.
Before that, Kellough Kjelti Wilkes had sold 38,996 shares from its account. In a trade valued at $171,972, the General Counsel traded Getty Images Holdings Inc shares for $4.41 each. Upon closing the transaction, the insider’s holdings decreased to 38,996 shares, worth approximately $1.09 million.
As published in a research note from Redburn Atlantic on October 03, 2023, Getty Images Holdings Inc [GETY] has been rated down from an Overweight to a Neutral and the price target has been revised to $6. Analysts at Imperial Capital upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in mid August. As of May 08, 2023, JP Morgan has initiated its “Neutral” rating for GETY. Earlier on April 28, 2023, Imperial Capital initiated its rating. Their recommendation was “an In-line” for GETY stock.
Analyzing GETY Stock Performance
During the last five days, there has been a drop of approximately -14.63%. Over the course of the year, Getty Images Holdings Inc shares have dropped approximately -18.86%. Shares of the company reached a 52-week high of $5.77 on 03/13/24 and a 52-week low of $3.93 on 03/26/24. A 50-day SMA is recorded $4.56, while a 200-day SMA reached $4.91. Nevertheless, trading volume fell to 1.33 million shares from 1.33 million shares the previous day.
Support And Resistance Levels for Getty Images Holdings Inc (GETY)
According to the 24-hour chart, there is a support level at 4.08, which, if violated, would cause prices to drop to 3.90. In the upper region, resistance lies at 4.38. The next price resistance is at 4.50. RSI (Relative Strength Index) is 42.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 82.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Getty Images Holdings Inc subject to short interest?
Stocks of Getty Images Holdings Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.18 million shares to 3.33 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 3.15 million shares. A jump of 5.41% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 14.52 of the overall float, the days-to-cover ratio (short ratio) jumped to 14.52.
