Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Godaddy Inc shares valued at $75,401 were sold by McCaffrey Mark on Apr 02 ’24. At $120.83 per share, McCaffrey Mark sold 624 shares. The insider’s holdings dropped to 116,328 shares worth approximately $14.23 million following the completion of this transaction.
Also, Chen Roger sold 4,000 shares, netting a total of over 474,240 in proceeds. Following the sale of shares at $118.56 each, the insider now holds 204,632 shares.
Before that, Bhutani Amanpal Singh had sold 2,500 shares from its account. In a trade valued at $300,000, the Chief Executive Officer traded Godaddy Inc shares for $120.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $47.03 million.
Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in mid February. As of January 09, 2024, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for GDDY. Earlier on November 22, 2023, RBC Capital Mkts upgraded its rating. Their new recommendation was “an Outperform” for GDDY stock which previously was a “a Sector perform”.
Analyzing GDDY Stock Performance
During the last five days, there has been a drop of approximately -2.28%. Over the course of the year, Godaddy Inc shares have jumped approximately 15.26%. Shares of the company reached a 52-week high of $127.15 on 04/08/24 and a 52-week low of $99.90 on 01/05/24. A 50-day SMA is recorded $117.12, while a 200-day SMA reached $93.40. Nevertheless, trading volume fell to 1.07 million shares from 1.04 million shares the previous day.
Support And Resistance Levels for Godaddy Inc (GDDY)
According to the 24-hour chart, there is a support level at 121.53, which, if violated, would cause prices to drop to 120.69. In the upper region, resistance lies at 123.89. The next price resistance is at 125.41. RSI (Relative Strength Index) is 53.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.27, which suggests the price will decrease in the coming days. Percent R is at 54.68%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
