Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Shift4 Payments Inc shares valued at $1,202,182 were sold by Lauber David Taylor on Mar 05 ’24. At $80.15 per share, Lauber David Taylor sold 15,000 shares. The insider’s holdings dropped to 243,880 shares worth approximately $16.28 million following the completion of this transaction.
Also, Disman Nancy sold 10,000 shares, netting a total of over 740,040 in proceeds. Following the sale of shares at $74.00 each, the insider now holds 263,170 shares.
Before that, Goldsmith-Grover Sarah had sold 1,000 shares from its account. In a trade valued at $65,040, the Director traded Shift4 Payments Inc shares for $65.04 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.52 million.
As published in their initiating research note from The Benchmark Company on February 13, 2024, Shift4 Payments Inc [FOUR] has been a Buy and the price target has been revised to $95. Analysts at Keefe Bruyette started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid January. As of December 14, 2023, Seaport Research Partners has initiated its “Buy” rating for FOUR. Earlier on December 06, 2023, Redburn Atlantic initiated its rating. Their recommendation was “a Sell” for FOUR stock.
Analyzing FOUR Stock Performance
During the last five days, there has been a surge of approximately 1.44%. Over the course of the year, Shift4 Payments Inc shares have dropped approximately -10.21%. Shares of the company reached a 52-week high of $92.30 on 02/29/24 and a 52-week low of $64.15 on 04/02/24. A 50-day SMA is recorded $74.45, while a 200-day SMA reached $65.27. Nevertheless, trading volume fell to 1.4 million shares from 1.0 million shares the previous day.
Support And Resistance Levels for Shift4 Payments Inc (FOUR)
According to the 24-hour chart, there is a support level at 66.02, which, if violated, would cause prices to drop to 65.30. In the upper region, resistance lies at 67.61. The next price resistance is at 68.48. RSI (Relative Strength Index) is 41.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 70.95%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Shift4 Payments Inc subject to short interest?
Stocks of Shift4 Payments Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.24 million shares to 6.74 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 6.98 million shares. A decline of -3.56% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.48 of the overall float, the days-to-cover ratio (short ratio) decline to 3.48.
