Getty Images Holdings Inc [GETY] Insider Chu Chinh sells 92,029 Shares – Latest Insider Activity

In a filing, Getty Images Holdings Inc revealed its Director Chu Chinh unloaded Company’s shares for reported $0.38 million on Mar 28 ’24. In the deal valued at $4.14 per share,92,029 shares were sold. As a result of this transaction, Chu Chinh now holds 8,818,825 shares worth roughly $36.16 million.

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Then, Chu Chinh sold 213,811 shares, generating $896,082 in total proceeds. Upon selling the shares at $4.19, the Director now owns 8,910,854 shares.

Before that, Chu Chinh sold 66,184 shares. Getty Images Holdings Inc shares valued at $267,708 were divested by the Director at a price of $4.04 per share. As a result of the transaction, Chu Chinh now holds 9,124,665 shares, worth roughly $37.41 million.

Redburn Atlantic downgraded its Getty Images Holdings Inc [GETY] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Imperial Capital’s analysts, who increased its forecast for the stock in mid August from “an In-line” to “an Outperform”. JP Morgan began covering GETY with “Neutral” recommendation on May 08, 2023. Imperial Capital started covering the stock on April 28, 2023. It rated GETY as “an In-line”.

Price Performance Review of GETY

On Monday, Getty Images Holdings Inc [NYSE:GETY] saw its stock fall -1.20% to $4.10. Over the last five days, the stock has lost -3.07%. Getty Images Holdings Inc shares have fallen nearly -21.90% since the year began. Nevertheless, the stocks have fallen -15.81% over the past one year. While a 52-week high of $8.18 was reached on 03/13/24, a 52-week low of $3.65 was recorded on 03/26/24. SMA at 50 days reached $4.55, while 200 days put it at $4.90. A total of 0.55 million shares were traded, compared to the trading of 0.69 million shares in the previous session.

Levels Of Support And Resistance For GETY Stock

The 24-hour chart illustrates a support level at 4.01, which if violated will result in even more drops to 3.92. On the upside, there is a resistance level at 4.20. A further resistance level may holdings at 4.30. The Relative Strength Index (RSI) on the 14-day chart is 40.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.76%. Stochastics %K at 11.05% indicates the stock is a buying.

How much short interest is there in Getty Images Holdings Inc?

A steep rise in short interest was recorded in Getty Images Holdings Inc stocks on Mar 15, 2024, growing by 0.16 million shares to a total of 3.42 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.26 million shares. There was a rise of 4.68%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 10.69% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.72.

The most recent change occurred on December 22, 2022 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $6 price target.

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