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Getty Images Holdings Inc [GETY] Insider Activity: An Update for Investors

Getty Images Holdings Inc’s filing revealed that its Director Chu Chinh unloaded Company’s shares for reported $15763.0 on Apr 29 ’24. In the deal valued at $4.00 per share,3,937 shares were sold. As a result of this transaction, Chu Chinh now holds 8,430,000 shares worth roughly $31.02 million.

Then, Chu Chinh sold 5,201 shares, generating $20,836 in total proceeds. Upon selling the shares at $4.01, the Director now owns 8,433,937 shares.

Before that, Chu Chinh sold 7,700 shares. Getty Images Holdings Inc shares valued at $30,915 were divested by the Director at a price of $4.01 per share. As a result of the transaction, Chu Chinh now holds 8,439,138 shares, worth roughly $31.06 million.

Redburn Atlantic downgraded its Getty Images Holdings Inc [GETY] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Imperial Capital’s analysts, who increased its forecast for the stock in mid August from “an In-line” to “an Outperform”. JP Morgan began covering GETY with “Neutral” recommendation on May 08, 2023. Imperial Capital started covering the stock on April 28, 2023. It rated GETY as “an In-line”.

Price Performance Review of GETY

On Tuesday, Getty Images Holdings Inc [NYSE:GETY] saw its stock fall -6.60% to $3.68. Over the last five days, the stock has lost -6.84%. Getty Images Holdings Inc shares have fallen nearly -29.90% since the year began. Nevertheless, the stocks have fallen -42.77% over the past one year. While a 52-week high of $7.35 was reached on 03/13/24, a 52-week low of $3.65 was recorded on 04/30/24. SMA at 50 days reached $4.34, while 200 days put it at $4.79. A total of 0.38 million shares were traded, compared to the trading of 0.26 million shares in the previous session.

Levels Of Support And Resistance For GETY Stock

The 24-hour chart illustrates a support level at 3.59, which if violated will result in even more drops to 3.49. On the upside, there is a resistance level at 3.87. A further resistance level may holdings at 4.05. The Relative Strength Index (RSI) on the 14-day chart is 36.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 56.93% indicates the stock is a holding.

The most recent change occurred on December 22, 2022 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $6 price target.

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