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Envestnet Inc. [ENV] Shares Jump Approximately 13.08% Over the Year

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Envestnet Inc. shares valued at $39,844 were sold by Majoros Matthew on Mar 25 ’24. At $56.92 per share, Majoros Matthew sold 700 shares. The insider’s holdings dropped to 15,212 shares worth approximately $0.95 million following the completion of this transaction.

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Also, Wolfe Lauren Taylor purchased 1,670 shares, netting a total of over 88,493 in proceeds. Following the buying of shares at $52.99 each, the insider now holds 4,188,871 shares.

Before that, Wolfe Lauren Taylor had added 21,761 shares to its account. In a trade valued at $1,145,064, the Director bought Envestnet Inc. shares for $52.62 each. Upon closing the transaction, the insider’s holdings increased to 21,761 shares, worth approximately $260.44 million.

As published in a research note from Jefferies on May 08, 2024, Envestnet Inc. [ENV] has been rated up from an Underperform to a Hold and the price target has been revised to $59 from $47. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in early January. Earlier on February 25, 2022, DA Davidson upgraded its rating. Their new recommendation was “a Buy” for ENV stock which previously was a “a Neutral”.

Analyzing ENV Stock Performance

During the last five days, there has been a surge of approximately 2.40%. Over the course of the year, Envestnet Inc. shares have jumped approximately 25.71%. Shares of the company reached a 52-week high of $73.04 on 05/23/24 and a 52-week low of $46.48 on 01/08/24. A 50-day SMA is recorded $63.67, while a 200-day SMA reached $51.39. Nevertheless, trading volume fell to 0.58 million shares from 0.49 million shares the previous day.

Support And Resistance Levels for Envestnet Inc. (ENV)

According to the 24-hour chart, there is a support level at 61.62, which, if violated, would cause prices to drop to 60.99. In the upper region, resistance lies at 62.99. The next price resistance is at 63.73. RSI (Relative Strength Index) is 44.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.91, which suggests the price will decrease in the coming days. Percent R is at 59.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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