Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Upwork Inc shares valued at $2,497 were sold by Marie Olivier on Apr 18 ’24. At $11.20 per share, Marie Olivier sold 223 shares. The insider’s holdings dropped to 7,565 shares worth approximately $84576.7 following the completion of this transaction.
Also, Marie Olivier sold 967 shares, netting a total of over 11,799 in proceeds. Following the sale of shares at $12.20 each, the insider now holds 7,196 shares.
Before that, Brown Hayden had sold 20,000 shares from its account. In a trade valued at $241,426, the President & CEO traded Upwork Inc shares for $12.07 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $12.81 million.
As published in a research note from Jefferies on January 08, 2024, Upwork Inc [UPWK] has been rated up from a Hold to a Buy and the price target has been revised to $20 from $13. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in early October. As of August 28, 2023, BTIG Research has decreased its “Buy” rating to a “Neutral” for UPWK. Earlier on June 30, 2023, BTIG Research resumed its rating. Their recommendation was “a Buy” for UPWK stock.
Analyzing UPWK Stock Performance
During the last five days, there has been a drop of approximately -0.45%. Over the course of the year, Upwork Inc shares have dropped approximately -24.82%. Shares of the company reached a 52-week high of $16.36 on 01/09/24 and a 52-week low of $10.98 on 04/16/24. A 50-day SMA is recorded $12.38, while a 200-day SMA reached $12.95. Nevertheless, trading volume fell to 1.21 million shares from 1.94 million shares the previous day.
Support And Resistance Levels for Upwork Inc (UPWK)
According to the 24-hour chart, there is a support level at 11.09, which, if violated, would cause prices to drop to 11.01. In the upper region, resistance lies at 11.23. The next price resistance is at 11.28. RSI (Relative Strength Index) is 34.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 83.05%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
