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BigCommerce Holdings Inc (BIGC) may enjoy gains as insiders got busy in the recent days

BigCommerce Holdings Inc’s recently made public that its President Chief Exec Officer Bellm Brent unloaded Company’s shares for reported $61649.0 on Mar 04 ’24. In the deal valued at $7.63 per share,8,078 shares were sold. As a result of this transaction, Bellm Brent now holds 722,705 shares worth roughly $5.49 million.

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Then, Klein Russell Scott sold 3,198 shares, generating $24,406 in total proceeds. Upon selling the shares at $7.63, the Chief Commercial Officer now owns 428,770 shares.

Before that, Dhatt Brian Singh sold 1,919 shares. BigCommerce Holdings Inc shares valued at $14,645 were divested by the Chief Technology Officer at a price of $7.63 per share. As a result of the transaction, Dhatt Brian Singh now holds 232,612 shares, worth roughly $1.77 million.

BofA Securities downgraded its BigCommerce Holdings Inc [BIGC] rating to an Underperform from a a Neutral in a research note published on March 25, 2024; the price target was decreased to $7.50 from $11. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. UBS began covering BIGC with “Neutral” recommendation on September 22, 2023. DA Davidson started covering the stock on March 09, 2023. It rated BIGC as “a Neutral”.

Price Performance Review of BIGC

On Friday, BigCommerce Holdings Inc [NASDAQ:BIGC] saw its stock jump 0.80% to $7.59. Over the last five days, the stock has gained 27.14%. BigCommerce Holdings Inc shares have fallen nearly -21.99% since the year began. Nevertheless, the stocks have risen 2.99% over the past one year. While a 52-week high of $12.75 was reached on 01/02/24, a 52-week low of $5.62 was recorded on 04/25/24. SMA at 50 days reached $6.69, while 200 days put it at $8.74. A total of 0.93 million shares were traded, compared to the trading of 2.76 million shares in the previous session.

Levels Of Support And Resistance For BIGC Stock

The 24-hour chart illustrates a support level at 7.37, which if violated will result in even more drops to 7.14. On the upside, there is a resistance level at 7.76. A further resistance level may holdings at 7.92. The Relative Strength Index (RSI) on the 14-day chart is 70.40, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.56%. Stochastics %K at 74.87% indicates the stock is a holding.

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