Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Expensify Inc shares valued at $24,938 were sold by Barrett David Michael on Apr 22 ’24. At $1.68 per share, Barrett David Michael sold 14,844 shares. The insider’s holdings dropped to 1,086,605 shares worth approximately $1.79 million following the completion of this transaction.
Also, Barrett David Michael sold 15,800 shares, netting a total of over 24,806 in proceeds. Following the sale of shares at $1.57 each, the insider now holds 1,101,449 shares.
Before that, McLaughlin Steven J. had added 8,481 shares to its account. In a trade valued at $13,485, the 10% Owner bought Expensify Inc shares for $1.59 each. Upon closing the transaction, the insider’s holdings increased to 8,481 shares, worth approximately $14.85 million.
As published in their initiating research note from JP Morgan on September 15, 2023, Expensify Inc [EXFY] has been an Underweight. Analysts at Loop Capital downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of August 09, 2023, JMP Securities has decreased its “Mkt outperform” rating to a “Mkt perform” for EXFY. Earlier on June 12, 2023, Morgan Stanley upgraded its rating. Their new recommendation was “an Equal-weight” for EXFY stock which previously was a “an Underweight”.
Analyzing EXFY Stock Performance
During the last five days, there has been a surge of approximately 9.27%. Over the course of the year, Expensify Inc shares have dropped approximately -33.20%. Shares of the company reached a 52-week high of $2.5700 on 03/01/24 and a 52-week low of $1.4000 on 04/12/24. A 50-day SMA is recorded $1.7993, while a 200-day SMA reached $3.0437. Nevertheless, trading volume fell to 0.76 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Expensify Inc (EXFY)
According to the 24-hour chart, there is a support level at 1.5433, which, if violated, would cause prices to drop to 1.4367. In the upper region, resistance lies at 1.7333. The next price resistance is at 1.8167. RSI (Relative Strength Index) is 49.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0856, which suggests the price will decrease in the coming days. Percent R is at 50.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
