Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Etsy Inc shares valued at $52,211 were sold by Daniel Nicholas on May 01 ’24. At $69.61 per share, Daniel Nicholas sold 750 shares. The insider’s holdings dropped to 18,932 shares worth approximately $1.18 million following the completion of this transaction.
Also, Buckley Merilee sold 1,671 shares, netting a total of over 108,682 in proceeds. Following the sale of shares at $65.04 each, the insider now holds 2,827 shares.
Before that, Daniel Nicholas had sold 750 shares from its account. In a trade valued at $49,504, the CHIEF PRODUCT OFFICER traded Etsy Inc shares for $66.01 each. Upon closing the transaction, the insider’s holdings decreased to 750 shares, worth approximately $1.23 million.
As published in a research note from Loop Capital on May 02, 2024, Etsy Inc [ETSY] has been rated down from a Hold to a Sell and the price target has been revised to $50 from $70. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early May. As of April 18, 2024, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for ETSY. Earlier on February 22, 2024, BTIG Research resumed its rating. Their recommendation was “a Buy” for ETSY stock.
Analyzing ETSY Stock Performance
During the last five days, there has been a drop of approximately -10.28%. Over the course of the year, Etsy Inc shares have dropped approximately -22.80%. Shares of the company reached a 52-week high of $82.84 on 01/02/24 and a 52-week low of $56.60 on 05/02/24. A 50-day SMA is recorded $67.27, while a 200-day SMA reached $71.71. Nevertheless, trading volume fell to 3.59 million shares from 2.03 million shares the previous day.
Support And Resistance Levels for Etsy Inc (ETSY)
According to the 24-hour chart, there is a support level at 61.18, which, if violated, would cause prices to drop to 59.79. In the upper region, resistance lies at 63.35. The next price resistance is at 64.13. RSI (Relative Strength Index) is 41.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.93, which suggests the price will decrease in the coming days. Percent R is at 60.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
