Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Five9 Inc shares valued at $456,446 were sold by Kozanian Panos on Jun 12 ’24. At $44.61 per share, Kozanian Panos sold 10,232 shares. The insider’s holdings dropped to 84,245 shares worth approximately $3.38 million following the completion of this transaction.
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Also, ZWARENSTEIN BARRY sold 4,241 shares, netting a total of over 191,015 in proceeds. Following the sale of shares at $45.04 each, the insider now holds 91,328 shares.
Before that, ZWARENSTEIN BARRY had sold 1,115 shares from its account. In a trade valued at $50,220, the Chief Financial Officer traded Five9 Inc shares for $45.04 each. Upon closing the transaction, the insider’s holdings decreased to 1,115 shares, worth approximately $4.26 million.
As published in their initiating research note from RBC Capital Mkts on March 15, 2024, Five9 Inc [FIVN] has been an Outperform and the price target has been revised to $80. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late September. As of June 08, 2023, DA Davidson has initiated its “Neutral” rating for FIVN. Earlier on May 31, 2023, Mizuho initiated its rating. Their recommendation was “a Buy” for FIVN stock.
Analyzing FIVN Stock Performance
During the last five days, there has been a drop of approximately -8.66%. Over the course of the year, Five9 Inc shares have dropped approximately -49.05%. Shares of the company reached a 52-week high of $81.24 on 01/22/24 and a 52-week low of $40.08 on 06/18/24. A 50-day SMA is recorded $52.42, while a 200-day SMA reached $64.73. Nevertheless, trading volume fell to 1.03 million shares from 1.07 million shares the previous day.
Support And Resistance Levels for Five9 Inc (FIVN)
According to the 24-hour chart, there is a support level at 39.70, which, if violated, would cause prices to drop to 39.32. In the upper region, resistance lies at 40.85. The next price resistance is at 41.62. RSI (Relative Strength Index) is 20.49 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.51, which suggests the price will decrease in the coming days. Percent R is at 99.88%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
