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Udemy Inc [UDMY] Director makes an insider sale of 15,000 shares worth $0.15 million.

Udemy Inc’s filing revealed that its Director Bali Eren unloaded Company’s shares for reported $0.15 million on May 01 ’24. In the deal valued at $10.06 per share,15,000 shares were sold. As a result of this transaction, Bali Eren now holds 1,646,050 shares worth roughly $16.16 million.

Then, Bali Eren sold 15,000 shares, generating $164,400 in total proceeds. Upon selling the shares at $10.96, the Director now owns 1,661,050 shares.

Before that, Bali Eren sold 15,000 shares. Udemy Inc shares valued at $164,550 were divested by the Director at a price of $10.97 per share. As a result of the transaction, Bali Eren now holds 1,676,050 shares, worth roughly $16.46 million.

A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid July from “an Overweight” to “a Neutral”. Cantor Fitzgerald began covering UDMY with “an Overweight” recommendation on March 30, 2022. Berenberg started covering the stock on March 17, 2022. It rated UDMY as “a Buy”.

Price Performance Review of UDMY

On Tuesday, Udemy Inc [NASDAQ:UDMY] saw its stock jump 0.82% to $9.82. Over the last five days, the stock has lost -2.58%. Udemy Inc shares have fallen nearly -33.33% since the year began. Nevertheless, the stocks have risen 11.34% over the past one year. While a 52-week high of $16.01 was reached on 02/12/24, a 52-week low of $8.60 was recorded on 05/03/24. SMA at 50 days reached $10.49, while 200 days put it at $11.59. A total of 0.51 million shares were traded, compared to the trading of 0.61 million shares in the previous session.

Levels Of Support And Resistance For UDMY Stock

The 24-hour chart illustrates a support level at 9.76, which if violated will result in even more drops to 9.69. On the upside, there is a resistance level at 9.93. A further resistance level may holdings at 10.04. The Relative Strength Index (RSI) on the 14-day chart is 39.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.99%. Stochastics %K at 7.49% indicates the stock is a buying.

The most recent change occurred on November 23, 2021 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating.

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