Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. BigCommerce Holdings Inc shares valued at $61,649 were sold by Bellm Brent on Mar 04 ’24. At $7.63 per share, Bellm Brent sold 8,078 shares. The insider’s holdings dropped to 722,705 shares worth approximately $4.76 million following the completion of this transaction.
Also, Klein Russell Scott sold 3,198 shares, netting a total of over 24,406 in proceeds. Following the sale of shares at $7.63 each, the insider now holds 428,770 shares.
Before that, Dhatt Brian Singh had sold 1,919 shares from its account. In a trade valued at $14,645, the Chief Technology Officer traded BigCommerce Holdings Inc shares for $7.63 each. Upon closing the transaction, the insider’s holdings decreased to 1,919 shares, worth approximately $1.53 million.
As published in a research note from BofA Securities on March 25, 2024, BigCommerce Holdings Inc [BIGC] has been rated down from a Neutral to an Underperform and the price target has been revised to $7.50 from $11. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of September 22, 2023, UBS has initiated its “Neutral” rating for BIGC. Earlier on March 09, 2023, DA Davidson initiated its rating. Their recommendation was “a Neutral” for BIGC stock.
Analyzing BIGC Stock Performance
During the last five days, there has been a drop of approximately -4.78%. Over the course of the year, BigCommerce Holdings Inc shares have dropped approximately -32.37%. Shares of the company reached a 52-week high of $9.61 on 01/02/24 and a 52-week low of $6.57 on 04/04/24. A 50-day SMA is recorded $7.77, while a 200-day SMA reached $9.21. Nevertheless, trading volume fell to 0.5 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for BigCommerce Holdings Inc (BIGC)
According to the 24-hour chart, there is a support level at 6.50, which, if violated, would cause prices to drop to 6.42. In the upper region, resistance lies at 6.73. The next price resistance is at 6.88. RSI (Relative Strength Index) is 27.42 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 99.09%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is BigCommerce Holdings Inc subject to short interest?
Stocks of BigCommerce Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.47 million shares to 4.4 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.93 million shares. A jump of 10.68% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.53 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.53.
