Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. eXp World Holdings Inc shares valued at $995,364 were sold by Gesing Jason on Dec 14 ’23. At $16.59 per share, Gesing Jason sold 60,000 shares. The insider’s holdings dropped to 2,237,858 shares worth approximately $21.68 million following the completion of this transaction.
Also, Gesing Jason sold 20,000 shares, netting a total of over 385,618 in proceeds. Following the sale of shares at $19.28 each, the insider now holds 2,297,858 shares.
Before that, Valdes Jose Enrique had sold 50,000 shares from its account. In a trade valued at $976,500, the Chief Growth Officer traded eXp World Holdings Inc shares for $19.53 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $106.58999999999999.
As published in their initiating research note from BTIG Research on July 18, 2023, eXp World Holdings Inc [EXPI] has been a Sell and the price target has been revised to $14. Analysts at Berenberg started covering the stock with ‘”a Buy”‘ outlook in a report released in late July. As of February 12, 2021, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for EXPI.
Analyzing EXPI Stock Performance
During the last five days, there has been a drop of approximately -9.44%. Over the course of the year, eXp World Holdings Inc shares have dropped approximately -37.56%. Shares of the company reached a 52-week high of $16.48 on 01/02/24 and a 52-week low of $8.91 on 03/19/24. A 50-day SMA is recorded $11.38, while a 200-day SMA reached $15.55. Nevertheless, trading volume fell to 1.16 million shares from 1.02 million shares the previous day.
Support And Resistance Levels for eXp World Holdings Inc (EXPI)
According to the 24-hour chart, there is a support level at 9.46, which, if violated, would cause prices to drop to 9.22. In the upper region, resistance lies at 9.96. The next price resistance is at 10.24. RSI (Relative Strength Index) is 39.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 88.76%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is eXp World Holdings Inc subject to short interest?
Stocks of eXp World Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.8 million shares to 19.11 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 18.31 million shares. A jump of 4.19% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 14.76 of the overall float, the days-to-cover ratio (short ratio) jumped to 14.76.
