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An Analysis of Five9 Inc (FIVN)’s Potential Price Growth

Five9 Inc’s filing revealed that its CHIEF OPERATING OFFICER Dignan Andy unloaded Company’s shares for reported $0.42 million on Mar 06 ’24. In the deal valued at $57.28 per share,7,340 shares were sold. As a result of this transaction, Dignan Andy now holds 129,559 shares worth roughly $6.87 million.

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Then, Burkland Michael sold 36,702 shares, generating $2,126,205 in total proceeds. Upon selling the shares at $57.93, the Chief Executive Officer now owns 278,469 shares.

Before that, Burkland Daniel P. sold 11,576 shares. Five9 Inc shares valued at $674,930 were divested by the Pres. & Chief Revenue Officer at a price of $58.30 per share. As a result of the transaction, Burkland Daniel P. now holds 134,989 shares, worth roughly $7.16 million.

RBC Capital Mkts initiated its Five9 Inc [FIVN] rating to an Outperform in a research note published on March 15, 2024; the price target was $80. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in late September from “a Hold” to “a Buy”. DA Davidson began covering FIVN with “Neutral” recommendation on June 08, 2023. Mizuho started covering the stock on May 31, 2023. It rated FIVN as “a Buy”.

Price Performance Review of FIVN

On Friday, Five9 Inc [NASDAQ:FIVN] saw its stock fall -0.93% to $53.06. Over the last five days, the stock has lost -8.33%. Five9 Inc shares have fallen nearly -32.57% since the year began. Nevertheless, the stocks have fallen -2.86% over the past one year. While a 52-week high of $92.40 was reached on 01/22/24, a 52-week low of $51.01 was recorded on 05/10/24. SMA at 50 days reached $59.28, while 200 days put it at $68.28. A total of 1.18 million shares were traded, compared to the trading of 1.72 million shares in the previous session.

Levels Of Support And Resistance For FIVN Stock

The 24-hour chart illustrates a support level at 52.70, which if violated will result in even more drops to 52.34. On the upside, there is a resistance level at 53.68. A further resistance level may holdings at 54.30. The Relative Strength Index (RSI) on the 14-day chart is 31.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.73%. Stochastics %K at 0.76% indicates the stock is a buying.

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