Expensify Inc’s recent filing unveils that its 10% Owner McLaughlin Steven J. acquired Company’s shares for reported $19155.0 on May 01 ’24. In the deal valued at $1.60 per share,11,972 shares were bought. As a result of this transaction, McLaughlin Steven J. now holds 9,558,279 shares worth roughly $17.01 million.
Then, McLaughlin Steven J. bought 112,025 shares, generating $179,240 in total proceeds. Upon buying the shares at $1.60, the 10% Owner now owns 9,546,307 shares.
Before that, Barrett David Michael sold 1,500 shares. Expensify Inc shares valued at $2,385 were divested by the Chief Executive Officer at a price of $1.59 per share. As a result of the transaction, Barrett David Michael now holds 1,024,411 shares, worth roughly $1.82 million.
JP Morgan initiated its Expensify Inc [EXFY] rating to an Underweight in a research note published recently. A number of analysts have revised their coverage, including Loop Capital’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. JMP Securities also remained covering EXFY and has decreased its forecast on August 09, 2023 with a “Mkt perform” recommendation from previously “Mkt outperform” rating. Morgan Stanley revised its rating on June 12, 2023. It rated EXFY as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of EXFY
On Monday, Expensify Inc [NASDAQ:EXFY] saw its stock jump 7.23% to $1.78. Over the last five days, the stock has gained 10.56%. Expensify Inc shares have fallen nearly -27.94% since the year began. Nevertheless, the stocks have fallen -75.24% over the past one year. While a 52-week high of $8.25 was reached on 03/01/24, a 52-week low of $1.40 was recorded on 04/12/24. SMA at 50 days reached $1.7993, while 200 days put it at $2.7993. A total of 0.51 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For EXFY Stock
The 24-hour chart illustrates a support level at 1.6967, which if violated will result in even more drops to 1.6133. On the upside, there is a resistance level at 1.8367. A further resistance level may holdings at 1.8933. The Relative Strength Index (RSI) on the 14-day chart is 58.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0637, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.66%. Stochastics %K at 56.11% indicates the stock is a holding.
