Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Eventbrite Inc shares valued at $110,496 were sold by Baker Charles on Mar 15 ’24. At $5.52 per share, Baker Charles sold 20,000 shares. The insider’s holdings dropped to 357,839 shares worth approximately $1.95 million following the completion of this transaction.
Also, Baker Charles sold 20,000 shares, netting a total of over 166,846 in proceeds. Following the sale of shares at $8.34 each, the insider now holds 361,319 shares.
Before that, Sagi Vivek had sold 100,568 shares from its account. In a trade valued at $1,130,606, the Chief Technology Officer traded Eventbrite Inc shares for $11.24 each. Upon closing the transaction, the insider’s holdings decreased to 100,568 shares, worth approximately $0.99 million.
As published in their initiating research note from B. Riley Securities on December 08, 2023, Eventbrite Inc [EB] has been a Buy and the price target has been revised to $13. Analysts at BWS Financial started covering the stock with ‘”a Buy”‘ outlook in a report released in late November. As of July 27, 2023, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for EB. Earlier on July 15, 2022, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for EB stock.
Analyzing EB Stock Performance
During the last five days, there has been a surge of approximately 1.49%. Over the course of the year, Eventbrite Inc shares have dropped approximately -34.81%. Shares of the company reached a 52-week high of $9.20 on 02/15/24 and a 52-week low of $5.00 on 04/16/24. A 50-day SMA is recorded $5.46, while a 200-day SMA reached $7.99. Nevertheless, trading volume fell to 1.26 million shares from 1.81 million shares the previous day.
Support And Resistance Levels for Eventbrite Inc (EB)
According to the 24-hour chart, there is a support level at 5.37, which, if violated, would cause prices to drop to 5.30. In the upper region, resistance lies at 5.53. The next price resistance is at 5.62. RSI (Relative Strength Index) is 48.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.17, which suggests the price will decrease in the coming days. Percent R is at 50.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
