Shutterstock Inc’s filing revealed that its GLOBAL HEAD OF ECOMMERCE Caine John unloaded Company’s shares for reported $85474.0 on Apr 05 ’24. In the deal valued at $43.30 per share,1,974 shares were sold. As a result of this transaction, Caine John now holds 7,413 shares worth roughly $0.33 million.
Then, Oringer Jonathan sold 51,944 shares, generating $2,648,736 in total proceeds. Upon selling the shares at $50.99, the EXECUTIVE CHAIRMAN now owns 10,843,940 shares.
Before that, Oringer Jonathan sold 22,749 shares. Shutterstock Inc shares valued at $1,141,772 were divested by the EXECUTIVE CHAIRMAN at a price of $50.19 per share. As a result of the transaction, Oringer Jonathan now holds 10,895,884 shares, worth roughly $482.25 million.
JMP Securities also remained covering SSTK and has decreased its forecast on November 28, 2022 with a “Mkt perform” recommendation from previously “Mkt outperform” rating. Redburn started covering the stock on August 25, 2022. It rated SSTK as “a Buy”.
Price Performance Review of SSTK
On Tuesday, Shutterstock Inc [NYSE:SSTK] saw its stock jump 1.10% to $44.26. Over the last five days, the stock has gained 1.21%. Shutterstock Inc shares have fallen nearly -8.33% since the year began. Nevertheless, the stocks have fallen -38.02% over the past one year. While a 52-week high of $75.96 was reached on 03/08/24, a 52-week low of $33.80 was recorded on 02/21/24. SMA at 50 days reached $46.91, while 200 days put it at $44.91. A total of 0.28 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For SSTK Stock
The 24-hour chart illustrates a support level at 43.69, which if violated will result in even more drops to 43.13. On the upside, there is a resistance level at 44.76. A further resistance level may holdings at 45.27. The Relative Strength Index (RSI) on the 14-day chart is 41.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.09%. Stochastics %K at 24.44% indicates the stock is a holding.
How much short interest is there in Shutterstock Inc?
A steep rise in short interest was recorded in Shutterstock Inc stocks on Mar 15, 2024, growing by 0.57 million shares to a total of 4.72 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.15 million shares. There was a rise of 12.08%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 23.69% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.73.
The most recent change occurred on July 28, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $54 price target.
