Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Etsy Inc shares valued at $108,682 were sold by Buckley Merilee on Apr 03 ’24. At $65.04 per share, Buckley Merilee sold 1,671 shares. The insider’s holdings dropped to 2,827 shares worth approximately $0.19 million following the completion of this transaction.
Also, Daniel Nicholas sold 750 shares, netting a total of over 49,504 in proceeds. Following the sale of shares at $66.01 each, the insider now holds 19,682 shares.
Before that, Silverman Josh had sold 63,047 shares from its account. In a trade valued at $4,570,908, the PRESIDENT & CEO traded Etsy Inc shares for $72.50 each. Upon closing the transaction, the insider’s holdings decreased to 63,047 shares, worth approximately $1.55 million.
As published in a research note from Morgan Stanley on April 18, 2024, Etsy Inc [ETSY] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $55 from $65. Analysts at BTIG Research resumed the stock at ‘”a Buy”‘ outlook in a report released in late February. As of January 10, 2024, Goldman has decreased its “Buy” rating to a “Neutral” for ETSY. Earlier on December 14, 2023, Wolfe Research resumed its rating. Their recommendation was “an Outperform” for ETSY stock.
Analyzing ETSY Stock Performance
During the last five days, there has been a drop of approximately -0.92%. Over the course of the year, Etsy Inc shares have dropped approximately -17.50%. Shares of the company reached a 52-week high of $82.84 on 01/02/24 and a 52-week low of $64.38 on 04/02/24. A 50-day SMA is recorded $69.22, while a 200-day SMA reached $73.17. Nevertheless, trading volume fell to 2.62 million shares from 2.49 million shares the previous day.
Support And Resistance Levels for Etsy Inc (ETSY)
According to the 24-hour chart, there is a support level at 65.51, which, if violated, would cause prices to drop to 64.16. In the upper region, resistance lies at 68.36. The next price resistance is at 69.85. RSI (Relative Strength Index) is 47.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.01, which suggests the price will decrease in the coming days. Percent R is at 53.63%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
