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Recent Insider Activity Could Benefit Grid Dynamics Holdings Inc (GDYN)

Grid Dynamics Holdings Inc’s recently made public that its CHIEF EXECUTIVE OFFICER Livschitz Leonard unloaded Company’s shares for reported $0.11 million on May 07 ’24. In the deal valued at $10.68 per share,10,000 shares were sold. As a result of this transaction, Livschitz Leonard now holds 3,605,901 shares worth roughly $37.43 million.

Then, Doradla Anil sold 3,000 shares, generating $30,000 in total proceeds. Upon selling the shares at $10.00, the CHIEF FINANCIAL OFFICER now owns 385,979 shares.

Before that, Livschitz Leonard sold 10,000 shares. Grid Dynamics Holdings Inc shares valued at $105,438 were divested by the CHIEF EXECUTIVE OFFICER at a price of $10.54 per share. As a result of the transaction, Livschitz Leonard now holds 3,660,691 shares, worth roughly $38.0 million.

Needham reiterated its Grid Dynamics Holdings Inc [GDYN] rating to a Buy in a research note published on March 04, 2022; the price target was $22. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early November with a ‘”a Buy”‘ rating. JP Morgan began covering GDYN with “an Overweight” recommendation on July 30, 2021.

Price Performance Review of GDYN

On Tuesday, Grid Dynamics Holdings Inc [NASDAQ:GDYN] saw its stock jump 2.27% to $10.38. Over the last five days, the stock has lost -4.51%. Grid Dynamics Holdings Inc shares have fallen nearly -22.13% since the year began. Nevertheless, the stocks have risen 22.70% over the past one year. While a 52-week high of $14.70 was reached on 02/23/24, a 52-week low of $8.05 was recorded on 05/03/24. SMA at 50 days reached $11.34, while 200 days put it at $12.04. A total of 0.3 million shares were traded, compared to the trading of 0.22 million shares in the previous session.

Levels Of Support And Resistance For GDYN Stock

The 24-hour chart illustrates a support level at 10.27, which if violated will result in even more drops to 10.15. On the upside, there is a resistance level at 10.46. A further resistance level may holdings at 10.53. The Relative Strength Index (RSI) on the 14-day chart is 45.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.53%. Stochastics %K at 49.02% indicates the stock is a holding.

The most recent change occurred on October 15, 2020 when Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $11 price target.

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