Shutterstock Inc’s recently made public that its GLOBAL HEAD OF ECOMMERCE Caine John unloaded Company’s shares for reported $0.23 million on May 01 ’24. In the deal valued at $42.91 per share,5,439 shares were sold. As a result of this transaction, Caine John now holds 1,974 shares worth roughly $77459.76000000001.
Then, Caine John sold 1,974 shares, generating $85,474 in total proceeds. Upon selling the shares at $43.30, the GLOBAL HEAD OF ECOMMERCE now owns 7,413 shares.
Before that, Oringer Jonathan sold 51,944 shares. Shutterstock Inc shares valued at $2,648,736 were divested by the EXECUTIVE CHAIRMAN at a price of $50.99 per share. As a result of the transaction, Oringer Jonathan now holds 10,843,940 shares, worth roughly $425.52 million.
JMP Securities also remained covering SSTK and has decreased its forecast on November 28, 2022 with a “Mkt perform” recommendation from previously “Mkt outperform” rating. Redburn started covering the stock on August 25, 2022. It rated SSTK as “a Buy”.
Price Performance Review of SSTK
On Friday, Shutterstock Inc [NYSE:SSTK] saw its stock fall -6.01% to $39.24. Over the last five days, the stock has lost -7.37%. Shutterstock Inc shares have fallen nearly -18.72% since the year began. Nevertheless, the stocks have fallen -28.54% over the past one year. While a 52-week high of $61.51 was reached on 03/08/24, a 52-week low of $33.80 was recorded on 02/21/24. SMA at 50 days reached $45.34, while 200 days put it at $44.05. A total of 0.61 million shares were traded, compared to the trading of 0.65 million shares in the previous session.
Levels Of Support And Resistance For SSTK Stock
The 24-hour chart illustrates a support level at 37.44, which if violated will result in even more drops to 35.65. On the upside, there is a resistance level at 42.56. A further resistance level may holdings at 45.89. The Relative Strength Index (RSI) on the 14-day chart is 31.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.34%. Stochastics %K at 32.71% indicates the stock is a holding.
The most recent change occurred on July 28, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $54 price target.
