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BTIG Research Downgrades FiscalNote Holdings Inc (NOTE) to a Neutral from a Buy

FiscalNote Holdings Inc’s recent filing unveils that its Chairman, CEO and Director Hwang Tim unloaded Company’s shares for reported $40087.0 on May 01 ’24. In the deal valued at $1.33 per share,30,168 shares were sold. As a result of this transaction, Hwang Tim now holds 2,747,400 shares worth roughly $3.74 million.

Then, Resnik Josh sold 3,751 shares, generating $5,105 in total proceeds. Upon selling the shares at $1.36, the President and COO now owns 455,691 shares.

Before that, Resnik Josh sold 938 shares. FiscalNote Holdings Inc shares valued at $1,302 were divested by the President and COO at a price of $1.39 per share. As a result of the transaction, Resnik Josh now holds 459,442 shares, worth roughly $0.62 million.

BTIG Research downgraded its FiscalNote Holdings Inc [NOTE] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. ROTH MKM began covering NOTE with “Buy” recommendation on June 21, 2023. DA Davidson revised its rating on November 14, 2022. It rated NOTE as “a Neutral” which previously was an “a Buy”.

Price Performance Review of NOTE

On Monday, FiscalNote Holdings Inc [NYSE:NOTE] saw its stock fall -2.86% to $1.36. Over the last five days, the stock has lost -2.16%. FiscalNote Holdings Inc shares have risen nearly 19.30% since the year began. Nevertheless, the stocks have fallen -14.47% over the past one year. While a 52-week high of $4.51 was reached on 03/11/24, a 52-week low of $0.65 was recorded on 01/19/24. SMA at 50 days reached $1.4654, while 200 days put it at $1.6733. A total of 0.54 million shares were traded, compared to the trading of 0.52 million shares in the previous session.

Levels Of Support And Resistance For NOTE Stock

The 24-hour chart illustrates a support level at 1.3233, which if violated will result in even more drops to 1.2867. On the upside, there is a resistance level at 1.4133. A further resistance level may holdings at 1.4667. The Relative Strength Index (RSI) on the 14-day chart is 52.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0829, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.37%. Stochastics %K at 79.93% indicates the stock is a holding.

The most recent change occurred on August 30, 2022 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $14 price target.

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