Upwork Inc’s recently made public that its Chief Accounting Officer Marie Olivier unloaded Company’s shares for reported $2497.0 on Apr 18 ’24. In the deal valued at $11.20 per share,223 shares were sold. As a result of this transaction, Marie Olivier now holds 7,565 shares worth roughly $84954.95.
Then, Marie Olivier sold 967 shares, generating $11,799 in total proceeds. Upon selling the shares at $12.20, the Chief Accounting Officer now owns 7,196 shares.
Before that, Brown Hayden sold 20,000 shares. Upwork Inc shares valued at $241,426 were divested by the President & CEO at a price of $12.07 per share. As a result of the transaction, Brown Hayden now holds 1,145,980 shares, worth roughly $12.87 million.
Jefferies upgraded its Upwork Inc [UPWK] rating to a Buy from a a Hold in a research note published on January 08, 2024; the price target was increased to $20 from $13. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. BTIG Research also remained covering UPWK and has decreased its forecast on August 28, 2023 with a “Neutral” recommendation from previously “Buy” rating. BTIG Research maintained its rating on June 30, 2023. It rated UPWK as “a Buy”.
Price Performance Review of UPWK
On Monday, Upwork Inc [NASDAQ:UPWK] saw its stock jump 0.90% to $11.23. Over the last five days, the stock has gained 0.27%. Upwork Inc shares have fallen nearly -24.48% since the year began. Nevertheless, the stocks have risen 9.78% over the past one year. While a 52-week high of $16.36 was reached on 01/09/24, a 52-week low of $6.56 was recorded on 04/16/24. SMA at 50 days reached $12.57, while 200 days put it at $12.92. A total of 1.62 million shares were traded, compared to the trading of 1.38 million shares in the previous session.
Levels Of Support And Resistance For UPWK Stock
The 24-hour chart illustrates a support level at 11.13, which if violated will result in even more drops to 11.02. On the upside, there is a resistance level at 11.34. A further resistance level may holdings at 11.44. The Relative Strength Index (RSI) on the 14-day chart is 33.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.99%. Stochastics %K at 14.70% indicates the stock is a buying.
