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Taking a Closer Look At Shutterstock Inc (SSTK) Following Its Recent Trade

Shutterstock Inc’s recently made public that its CHIEF FINANCIAL OFFICER Yahes Jarrod acquired Company’s shares for reported $0.2 million on May 24 ’24. In the deal valued at $37.35 per share,5,350 shares were bought. As a result of this transaction, Yahes Jarrod now holds 43,904 shares worth roughly $1.57 million.

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Then, Hennessy Paul J. bought 12,500 shares, generating $479,700 in total proceeds. Upon buying the shares at $38.38, the CHIEF EXECUTIVE OFFICER now owns 87,803 shares.

Before that, Caine John sold 5,439 shares. Shutterstock Inc shares valued at $233,387 were divested by the GLOBAL HEAD OF ECOMMERCE at a price of $42.91 per share. As a result of the transaction, Caine John now holds 1,974 shares, worth roughly $70590.23999999999.

JMP Securities also remained covering SSTK and has decreased its forecast on November 28, 2022 with a “Mkt perform” recommendation from previously “Mkt outperform” rating. Redburn started covering the stock on August 25, 2022. It rated SSTK as “a Buy”.

Price Performance Review of SSTK

On Tuesday, Shutterstock Inc [NYSE:SSTK] saw its stock fall -4.33% to $35.76. Over the last five days, the stock has lost -5.32%. Shutterstock Inc shares have fallen nearly -25.93% since the year began. Nevertheless, the stocks have fallen -26.53% over the past one year. While a 52-week high of $58.42 was reached on 03/08/24, a 52-week low of $33.80 was recorded on 07/02/24. SMA at 50 days reached $39.93, while 200 days put it at $43.10. A total of 0.25 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For SSTK Stock

The 24-hour chart illustrates a support level at 35.18, which if violated will result in even more drops to 34.59. On the upside, there is a resistance level at 36.87. A further resistance level may holdings at 37.97. The Relative Strength Index (RSI) on the 14-day chart is 34.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.84%. Stochastics%K at 17.65% indicates the stock is a buying.

The most recent change occurred on July 28, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $54 price target.

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