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8X8 Inc. [EGHT] Insider Activity: An Update for Investors

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8X8 Inc.’s recent filing unveils that its Chief Accounting Officer Seandel Suzy M unloaded Company’s shares for reported $16436.0 on Apr 16 ’24. In the deal valued at $2.27 per share,7,256 shares were sold. As a result of this transaction, Seandel Suzy M now holds 275,172 shares worth roughly $0.74 million.

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Then, Wilson Samuel C. sold 2,000 shares, generating $4,543 in total proceeds. Upon selling the shares at $2.27, the Chief Executive Officer now owns 1,020,288 shares.

Before that, Kraus Kevin sold 1,000 shares. 8X8 Inc. shares valued at $2,330 were divested by the Chief Financial Officer at a price of $2.33 per share. As a result of the transaction, Kraus Kevin now holds 318,512 shares, worth roughly $0.85 million.

Craig Hallum upgraded its 8X8 Inc. [EGHT] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. Rosenblatt began covering EGHT with “Buy” recommendation on March 24, 2023. Wedbush started covering the stock on December 15, 2022. It rated EGHT as “a Neutral”.

Price Performance Review of EGHT

On Monday, 8X8 Inc. [NASDAQ:EGHT] saw its stock jump 3.47% to $2.68. Over the last five days, the stock has gained 16.02%. 8X8 Inc. shares have fallen nearly -29.10% since the year began. Nevertheless, the stocks have fallen -16.77% over the past one year. While a 52-week high of $4.88 was reached on 01/02/24, a 52-week low of $2.12 was recorded on 04/19/24. SMA at 50 days reached $2.54, while 200 days put it at $2.95. A total of 1.01 million shares were traded, compared to the trading of 1.69 million shares in the previous session.

Levels Of Support And Resistance For EGHT Stock

The 24-hour chart illustrates a support level at 2.61, which if violated will result in even more drops to 2.54. On the upside, there is a resistance level at 2.76. A further resistance level may holdings at 2.83. The Relative Strength Index (RSI) on the 14-day chart is 59.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.20%. Stochastics %K at 73.78% indicates the stock is a holding.

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