Etsy Inc’s recent filing unveils 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 $1.56 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 jump 0.34% to $67.43. Over the last five days, the stock has gained 1.00%. Etsy Inc shares have fallen nearly -16.80% since the year began. Nevertheless, the stocks have fallen -31.03% over the past one year. While a 52-week high of $102.81 was reached on 01/02/24, a 52-week low of $58.20 was recorded on 04/02/24. SMA at 50 days reached $68.90, while 200 days put it at $72.91. A total of 2.07 million shares were traded, compared to the trading of 69600.0 shares in the previous session.
Levels Of Support And Resistance For ETSY Stock
The 24-hour chart illustrates a support level at 66.93, which if violated will result in even more drops to 66.43. On the upside, there is a resistance level at 68.11. A further resistance level may holdings at 68.78. The Relative Strength Index (RSI) on the 14-day chart is 49.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.33%. Stochastics %K at 46.86% 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.
