Upwork Inc’s filing revealed that its Chief Accounting Officer Marie Olivier unloaded Company’s shares for reported $11799.0 on Mar 18 ’24. In the deal valued at $12.20 per share,967 shares were sold. As a result of this transaction, Marie Olivier now holds 7,196 shares worth roughly $85488.48000000001.
Then, Brown Hayden sold 20,000 shares, generating $241,426 in total proceeds. Upon selling the shares at $12.07, the President & CEO now owns 1,145,980 shares.
Before that, Marie Olivier sold 1,491 shares. Upwork Inc shares valued at $19,428 were divested by the Chief Accounting Officer at a price of $13.03 per share. As a result of the transaction, Marie Olivier now holds 5,528 shares, worth roughly $65672.64.
Jefferies upgraded its Upwork Inc [UPWK] rating to a Buy from a a Hold in a research note published on January 08, 2024; the price target was increased to $20 from $13. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. BTIG Research also remained covering UPWK and has decreased its forecast on August 28, 2023 with a “Neutral” recommendation from previously “Buy” rating. BTIG Research maintained its rating on June 30, 2023. It rated UPWK as “a Buy”.
Price Performance Review of UPWK
On Monday, Upwork Inc [NASDAQ:UPWK] saw its stock fall -0.25% to $11.88. Over the last five days, the stock has lost -2.70%. Upwork Inc shares have fallen nearly -20.11% since the year began. Nevertheless, the stocks have risen 16.36% over the past one year. While a 52-week high of $16.36 was reached on 01/09/24, a 52-week low of $6.56 was recorded on 03/19/24. SMA at 50 days reached $13.08, while 200 days put it at $12.80. A total of 1.47 million shares were traded, compared to the trading of 2.14 million shares in the previous session.
Levels Of Support And Resistance For UPWK Stock
The 24-hour chart illustrates a support level at 11.77, which if violated will result in even more drops to 11.67. On the upside, there is a resistance level at 12.02. A further resistance level may holdings at 12.17. The Relative Strength Index (RSI) on the 14-day chart is 36.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.42%. Stochastics %K at 26.10% indicates the stock is a holding.
How much short interest is there in Upwork Inc?
A steep rise in short interest was recorded in Upwork Inc stocks on Mar 15, 2024, growing by 1.15 million shares to a total of 9.33 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.18 million shares. There was a rise of 12.33%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.39% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.06.
