Upwork Inc’s filing revealed 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 $88737.45.
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 $13.44 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 1.47% to $11.73. Over the last five days, the stock has gained 4.45%. Upwork Inc shares have fallen nearly -21.12% since the year began. Nevertheless, the stocks have risen 23.34% 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 $12.27, while 200 days put it at $12.96. A total of 1.33 million shares were traded, compared to the trading of 1.05 million shares in the previous session.
Levels Of Support And Resistance For UPWK Stock
The 24-hour chart illustrates a support level at 11.60, which if violated will result in even more drops to 11.47. On the upside, there is a resistance level at 11.82. A further resistance level may holdings at 11.91. The Relative Strength Index (RSI) on the 14-day chart is 49.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.18%. Stochastics %K at 46.31% indicates the stock is a holding.
