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SPS Commerce Inc. [SPSC] stock was sold by Frome James J. at the price of US$1.27 million

SPS Commerce Inc.’s recent filing unveils that its President and COO Frome James J. unloaded Company’s shares for reported $1.27 million on Feb 28 ’24. In the deal valued at $185.18 per share,6,879 shares were sold. As a result of this transaction, Frome James J. now holds 47,150 shares worth roughly $8.2 million.

Then, Black Archie C. sold 14,855 shares, generating $2,725,540 in total proceeds. Upon selling the shares at $183.48, the Director now owns 56,997 shares.

Before that, Frome James J. sold 2,901 shares. SPS Commerce Inc. shares valued at $531,806 were divested by the President and COO at a price of $183.32 per share. As a result of the transaction, Frome James J. now holds 54,029 shares, worth roughly $9.39 million.

Citigroup initiated its SPS Commerce Inc. [SPSC] rating to a Buy in a research note published on March 13, 2024; the price target was $216. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. Northland Capital also remained covering SPSC and has increased its forecast on October 27, 2023 with a “an Outperform” recommendation from previously “Market perform” rating. Robert W. Baird revised its rating on December 14, 2022. It rated SPSC as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of SPSC

On Tuesday, SPS Commerce Inc. [NASDAQ:SPSC] saw its stock fall -4.71% to $173.87. Over the last five days, the stock has gained 1.92%. SPS Commerce Inc. shares have fallen nearly -10.30% since the year began. Nevertheless, the stocks have risen 18.04% over the past one year. While a 52-week high of $218.74 was reached on 02/09/24, a 52-week low of $145.17 was recorded on 04/18/24. SMA at 50 days reached $178.54, while 200 days put it at $177.69. A total of 0.37 million shares were traded, compared to the trading of 0.24 million shares in the previous session.

Levels Of Support And Resistance For SPSC Stock

The 24-hour chart illustrates a support level at 170.79, which if violated will result in even more drops to 167.72. On the upside, there is a resistance level at 179.72. A further resistance level may holdings at 185.58. The Relative Strength Index (RSI) on the 14-day chart is 49.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.84, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.58%. Stochastics %K at 78.48% indicates the stock is a holding.

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