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Recent Insider Activity Could Benefit Etsy Inc (ETSY)

Etsy Inc’s recent filing unveils that its CHIEF PRODUCT OFFICER Daniel Nicholas unloaded Company’s shares for reported $52211.0 on May 01 ’24. In the deal valued at $69.61 per share,750 shares were sold. As a result of this transaction, Daniel Nicholas now holds 18,932 shares worth roughly $1.17 million.

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Then, Buckley Merilee sold 1,671 shares, generating $108,682 in total proceeds. Upon selling the shares at $65.04, the CHIEF ACCOUNTING OFFICER now owns 2,827 shares.

Before that, Daniel Nicholas sold 750 shares. Etsy Inc shares valued at $49,504 were divested by the CHIEF PRODUCT OFFICER at a price of $66.01 per share. As a result of the transaction, Daniel Nicholas now holds 19,682 shares, worth roughly $1.22 million.

Loop Capital downgraded its Etsy Inc [ETSY] rating to a Sell from a a Hold in a research note published on May 02, 2024; the price target was decreased to $50 from $70. A number of analysts have revised their coverage, including JMP Securities’s analysts, who decreased its forecast for the stock in early May from “a Mkt outperform” to “a Mkt perform”. Morgan Stanley also remained covering ETSY and has decreased its forecast on April 18, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating. BTIG Research maintained its rating on February 22, 2024. It rated ETSY as “a Buy”.

Price Performance Review of ETSY

On Friday, Etsy Inc [NASDAQ:ETSY] saw its stock fall -2.41% to $61.92. Over the last five days, the stock has gained 3.25%. Etsy Inc shares have fallen nearly -23.60% since the year began. Nevertheless, the stocks have fallen -34.71% over the past one year. While a 52-week high of $102.81 was reached on 01/02/24, a 52-week low of $56.60 was recorded on 05/02/24. SMA at 50 days reached $66.92, while 200 days put it at $71.38. A total of 3.12 million shares were traded, compared to the trading of 2.6 million shares in the previous session.

Levels Of Support And Resistance For ETSY Stock

The 24-hour chart illustrates a support level at 61.16, which if violated will result in even more drops to 60.39. On the upside, there is a resistance level at 63.29. A further resistance level may holdings at 64.65. The Relative Strength Index (RSI) on the 14-day chart is 40.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.81%. Stochastics %K at 39.99% indicates the stock is a holding.

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