Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Godaddy Inc shares valued at $490,400 were sold by Chen Roger on May 01 ’24. At $122.60 per share, Chen Roger sold 4,000 shares. The insider’s holdings dropped to 200,632 shares worth approximately $26.38 million following the completion of this transaction.
Also, McCaffrey Mark sold 624 shares, netting a total of over 75,401 in proceeds. Following the sale of shares at $120.83 each, the insider now holds 116,328 shares.
Before that, Chen Roger had sold 4,000 shares from its account. In a trade valued at $474,240, the Chief Operating Officer traded Godaddy Inc shares for $118.56 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $26.9 million.
Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in mid February. As of January 09, 2024, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for GDDY. Earlier on November 22, 2023, RBC Capital Mkts upgraded its rating. Their new recommendation was “an Outperform” for GDDY stock which previously was a “a Sector perform”.
Analyzing GDDY Stock Performance
During the last five days, there has been a surge of approximately 7.51%. Over the course of the year, Godaddy Inc shares have jumped approximately 23.84%. Shares of the company reached a 52-week high of $132.00 on 05/08/24 and a 52-week low of $99.90 on 01/05/24. A 50-day SMA is recorded $120.89, while a 200-day SMA reached $97.01. Nevertheless, trading volume fell to 1.0 million shares from 1.65 million shares the previous day.
Support And Resistance Levels for Godaddy Inc (GDDY)
According to the 24-hour chart, there is a support level at 130.52, which, if violated, would cause prices to drop to 129.57. In the upper region, resistance lies at 132.21. The next price resistance is at 132.95. RSI (Relative Strength Index) is 69.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.62, which suggests the price will increase in the coming days. Percent R is at 4.33%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
