Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Godaddy Inc shares valued at $542,497 were sold by McCaffrey Mark on May 15 ’24. At $133.69 per share, McCaffrey Mark sold 4,058 shares. The insider’s holdings dropped to 112,473 shares worth approximately $15.67 million following the completion of this transaction.
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Also, Chen Roger sold 4,000 shares, netting a total of over 490,400 in proceeds. Following the sale of shares at $122.60 each, the insider now holds 200,632 shares.
Before that, McCaffrey Mark had sold 624 shares from its account. In a trade valued at $75,401, the Chief Financial Officer traded Godaddy Inc shares for $120.83 each. Upon closing the transaction, the insider’s holdings decreased to 624 shares, worth approximately $16.2 million.
Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in mid February. As of January 09, 2024, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for GDDY. Earlier on November 22, 2023, RBC Capital Mkts upgraded its rating. Their new recommendation was “an Outperform” for GDDY stock which previously was a “a Sector perform”.
Analyzing GDDY Stock Performance
During the last five days, there has been a surge of approximately 2.07%. Over the course of the year, Godaddy Inc shares have jumped approximately 31.20%. Shares of the company reached a 52-week high of $139.67 on 05/22/24 and a 52-week low of $99.90 on 01/05/24. A 50-day SMA is recorded $125.40, while a 200-day SMA reached $100.07. Nevertheless, trading volume fell to 1.1 million shares from 0.63 million shares the previous day.
Support And Resistance Levels for Godaddy Inc (GDDY)
According to the 24-hour chart, there is a support level at 138.26, which, if violated, would cause prices to drop to 137.23. In the upper region, resistance lies at 139.99. The next price resistance is at 140.69. RSI (Relative Strength Index) is 75.49 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.11, which suggests the price will increase in the coming days. Percent R is at 2.21%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
