Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Five9 Inc shares valued at $420,417 were sold by Dignan Andy on Mar 06 ’24. At $57.28 per share, Dignan Andy sold 7,340 shares. The insider’s holdings dropped to 129,559 shares worth approximately $8.02 million following the completion of this transaction.
Also, Burkland Michael sold 36,702 shares, netting a total of over 2,126,205 in proceeds. Following the sale of shares at $57.93 each, the insider now holds 278,469 shares.
Before that, Burkland Daniel P. had sold 11,576 shares from its account. In a trade valued at $674,930, the Pres. & Chief Revenue Officer traded Five9 Inc shares for $58.30 each. Upon closing the transaction, the insider’s holdings decreased to 11,576 shares, worth approximately $8.36 million.
As published in their initiating research note from RBC Capital Mkts on March 15, 2024, Five9 Inc [FIVN] has been an Outperform and the price target has been revised to $80. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late September. As of June 08, 2023, DA Davidson has initiated its “Neutral” rating for FIVN. Earlier on May 31, 2023, Mizuho initiated its rating. Their recommendation was “a Buy” for FIVN stock.
Analyzing FIVN Stock Performance
During the last five days, there has been a surge of approximately 2.36%. Over the course of the year, Five9 Inc shares have dropped approximately -21.30%. Shares of the company reached a 52-week high of $81.24 on 01/22/24 and a 52-week low of $56.49 on 03/06/24. A 50-day SMA is recorded $65.37, while a 200-day SMA reached $71.11. Nevertheless, trading volume fell to 1.68 million shares from 1.43 million shares the previous day.
Support And Resistance Levels for Five9 Inc (FIVN)
According to the 24-hour chart, there is a support level at 60.72, which, if violated, would cause prices to drop to 59.51. In the upper region, resistance lies at 62.71. The next price resistance is at 63.49. RSI (Relative Strength Index) is 49.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 38.99%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Five9 Inc subject to short interest?
Stocks of Five9 Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.2 million shares to 2.88 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.68 million shares. A jump of 41.67% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.28 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.28.
