Shift4 Payments Inc’s recent filing unveils that its insider Lauber David Taylor unloaded Company’s shares for reported $1.2 million on Mar 05 ’24. In the deal valued at $80.15 per share,15,000 shares were sold. As a result of this transaction, Lauber David Taylor now holds 243,880 shares worth roughly $16.68 million.
Then, Disman Nancy sold 10,000 shares, generating $740,040 in total proceeds. Upon selling the shares at $74.00, the Chief Financial Officer now owns 263,170 shares.
Before that, Goldsmith-Grover Sarah sold 1,000 shares. Shift4 Payments Inc shares valued at $65,040 were divested by the Director at a price of $65.04 per share. As a result of the transaction, Goldsmith-Grover Sarah now holds 7,717 shares, worth roughly $0.53 million.
The Benchmark Company initiated its Shift4 Payments Inc [FOUR] rating to a Buy in a research note published on February 13, 2024; the price target was $95. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who began to cover the stock in mid January with a ‘”an Outperform”‘ rating. Seaport Research Partners began covering FOUR with “Buy” recommendation on December 14, 2023. Redburn Atlantic started covering the stock on December 06, 2023. It rated FOUR as “a Sell”.
Price Performance Review of FOUR
On Monday, Shift4 Payments Inc [NYSE:FOUR] saw its stock jump 1.38% to $68.39. Over the last five days, the stock has gained 5.46%. Shift4 Payments Inc shares have fallen nearly -8.00% since the year began. Nevertheless, the stocks have fallen -4.22% over the past one year. While a 52-week high of $92.30 was reached on 02/29/24, a 52-week low of $42.91 was recorded on 04/02/24. SMA at 50 days reached $74.92, while 200 days put it at $65.17. A total of 1.21 million shares were traded, compared to the trading of 2.67 million shares in the previous session.
Levels Of Support And Resistance For FOUR Stock
The 24-hour chart illustrates a support level at 67.36, which if violated will result in even more drops to 66.34. On the upside, there is a resistance level at 69.35. A further resistance level may holdings at 70.32. The Relative Strength Index (RSI) on the 14-day chart is 43.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.95%. Stochastics %K at 29.58% indicates the stock is a holding.
How much short interest is there in Shift4 Payments Inc?
A steep rise in short interest was recorded in Shift4 Payments Inc stocks on Mar 15, 2024, dropping by -0.24 million shares to a total of 6.74 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.98 million shares. There was a decline of -3.56%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 12.70% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.48.
The most recent change occurred on October 31, 2023 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $55 price target.
