In a filing, SPS Commerce Inc. revealed its Director Ramsey James Burr unloaded Company’s shares for reported $1.27 million on May 22 ’24. In the deal valued at $193.90 per share,6,567 shares were sold. As a result of this transaction, Ramsey James Burr now holds 14,728 shares worth roughly $2.68 million.
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Then, Frome James J. sold 6,879 shares, generating $1,273,856 in total proceeds. Upon selling the shares at $185.18, the President and COO now owns 47,150 shares.
Before that, Black Archie C. sold 14,855 shares. SPS Commerce Inc. shares valued at $2,725,540 were divested by the Director at a price of $183.48 per share. As a result of the transaction, Black Archie C. now holds 56,997 shares, worth roughly $10.38 million.
Redburn Atlantic initiated its SPS Commerce Inc. [SPSC] rating to a Buy in a research note published on May 14, 2024; the price target was $220. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. DA Davidson began covering SPSC with “Buy” recommendation on November 14, 2023. Northland Capital revised its rating on October 27, 2023. It rated SPSC as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of SPSC
On Tuesday, SPS Commerce Inc. [NASDAQ:SPSC] saw its stock fall -2.00% to $182.08. Over the last five days, the stock has lost -0.88%. SPS Commerce Inc. shares have fallen nearly -6.07% since the year began. Nevertheless, the stocks have fallen -1.42% over the past one year. While a 52-week high of $218.74 was reached on 02/09/24, a 52-week low of $151.96 was recorded on 04/18/24. SMA at 50 days reached $183.23, while 200 days put it at $179.86. A total of 0.17 million shares were traded, compared to the trading of 0.14 million shares in the previous session.
Levels Of Support And Resistance For SPSC Stock
The 24-hour chart illustrates a support level at 180.92, which if violated will result in even more drops to 179.77. On the upside, there is a resistance level at 184.17. A further resistance level may holdings at 186.27. The Relative Strength Index (RSI) on the 14-day chart is 42.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.54%. Stochastics %K at 21.49% indicates the stock is a holding.
