The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Grid Dynamics Holdings Inc shares valued at $178,112 were sold by Livschitz Leonard on Apr 09 ’24. At $11.87 per share, Livschitz Leonard sold 15,000 shares. The insider’s holdings dropped to 3,670,691 shares worth approximately $37.55 million following the completion of this transaction.
Also, Doradla Anil sold 3,000 shares, netting a total of over 36,326 in proceeds. Following the sale of shares at $12.11 each, the insider now holds 388,979 shares.
Before that, Livschitz Leonard had sold 3,116 shares from its account. In a trade valued at $37,392, the CHIEF EXECUTIVE OFFICER traded Grid Dynamics Holdings Inc shares for $12.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,116 shares, worth approximately $37.7 million.
As published in a research note from Needham on March 04, 2022, Grid Dynamics Holdings Inc [GDYN] has been retained to a Buy and the price target has been revised to $22. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in early November. As of July 30, 2021, JP Morgan has initiated its “an Overweight” rating for GDYN.
Analyzing GDYN Stock Performance
During the last five days, there has been a drop of approximately -8.25%. Over the course of the year, Grid Dynamics Holdings Inc shares have dropped approximately -23.26%. Shares of the company reached a 52-week high of $14.70 on 02/23/24 and a 52-week low of $10.06 on 04/18/24. A 50-day SMA is recorded $12.59, while a 200-day SMA reached $12.06. Nevertheless, trading volume fell to 0.58 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for Grid Dynamics Holdings Inc (GDYN)
According to the 24-hour chart, there is a support level at 10.02, which, if violated, would cause prices to drop to 9.81. In the upper region, resistance lies at 10.48. The next price resistance is at 10.73. RSI (Relative Strength Index) is 27.54 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.97, which suggests the price will decrease in the coming days. Percent R is at 92.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
