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Squarespace Inc [SQSP] Casalena Anthony sells 27,240 Shares for $0.97 million

Squarespace Inc’s recently made public that its Chief Executive Officer Casalena Anthony unloaded Company’s shares for reported $0.97 million on Apr 29 ’24. In the deal valued at $35.62 per share,27,240 shares were sold. As a result of this transaction, Casalena Anthony now holds 2,773,318 shares worth roughly $96.68 million.

Then, Casalena Anthony sold 40,189 shares, generating $1,428,317 in total proceeds. Upon selling the shares at $35.54, the Chief Executive Officer now owns 2,800,558 shares.

Before that, Casalena Anthony sold 36,360 shares. Squarespace Inc shares valued at $1,291,871 were divested by the Chief Executive Officer at a price of $35.53 per share. As a result of the transaction, Casalena Anthony now holds 2,840,747 shares, worth roughly $99.03 million.

A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “an Outperform”. JMP Securities also remained covering SQSP and has increased its forecast on January 24, 2024 with a “Mkt outperform” recommendation from previously “Mkt perform” rating. Seaport Research Partners started covering the stock on October 24, 2023. It rated SQSP as “a Buy”.

Price Performance Review of SQSP

On Tuesday, Squarespace Inc [NYSE:SQSP] saw its stock fall -1.97% to $34.86. Over the last five days, the stock has lost -3.99%. Squarespace Inc shares have risen nearly 5.60% since the year began. Nevertheless, the stocks have risen 12.09% over the past one year. While a 52-week high of $37.89 was reached on 04/11/24, a 52-week low of $25.59 was recorded on 02/21/24. SMA at 50 days reached $34.48, while 200 days put it at $31.33. A total of 0.57 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For SQSP Stock

The 24-hour chart illustrates a support level at 34.51, which if violated will result in even more drops to 34.17. On the upside, there is a resistance level at 35.51. A further resistance level may holdings at 36.17. The Relative Strength Index (RSI) on the 14-day chart is 45.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.37%. Stochastics %K at 27.49% indicates the stock is a holding.

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