Etsy Inc’s recently made public that its CHIEF ACCOUNTING OFFICER Buckley Merilee unloaded Company’s shares for reported $0.11 million on Apr 03 ’24. In the deal valued at $65.04 per share,1,671 shares were sold. As a result of this transaction, Buckley Merilee now holds 2,827 shares worth roughly $0.19 million.
Then, Daniel Nicholas sold 750 shares, generating $49,504 in total proceeds. Upon selling the shares at $66.01, the CHIEF PRODUCT OFFICER now owns 19,682 shares.
Before that, Silverman Josh sold 63,047 shares. Etsy Inc shares valued at $4,570,908 were divested by the PRESIDENT & CEO at a price of $72.50 per share. As a result of the transaction, Silverman Josh now holds 23,140 shares, worth roughly $1.54 million.
Morgan Stanley downgraded its Etsy Inc [ETSY] rating to an Underweight from a an Equal-weight in a research note published on April 18, 2024; the price target was decreased to $55 from $65. A number of analysts have revised their coverage, including BTIG Research’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Buy”‘ rating for it. Goldman also remained covering ETSY and has decreased its forecast on January 10, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wolfe Research maintained its rating on December 14, 2023. It rated ETSY as “an Outperform”.
Price Performance Review of ETSY
On Friday, Etsy Inc [NASDAQ:ETSY] saw its stock fall -0.86% to $66.76. Over the last five days, the stock has lost -0.43%. Etsy Inc shares have fallen nearly -17.63% since the year began. Nevertheless, the stocks have fallen -34.79% over the past one year. While a 52-week high of $104.93 was reached on 01/02/24, a 52-week low of $58.20 was recorded on 04/02/24. SMA at 50 days reached $69.82, while 200 days put it at $73.42. A total of 2.22 million shares were traded, compared to the trading of 3.37 million shares in the previous session.
Levels Of Support And Resistance For ETSY Stock
The 24-hour chart illustrates a support level at 66.21, which if violated will result in even more drops to 65.66. On the upside, there is a resistance level at 67.75. A further resistance level may holdings at 68.74. The Relative Strength Index (RSI) on the 14-day chart is 46.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.18%. Stochastics %K at 53.04% indicates the stock is a holding.
The most recent change occurred on December 14, 2023 when Wedbush resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $90.
