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Godaddy Inc [GDDY] Chief Executive Officer makes an insider sale of 4,500 shares worth 629,055.

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. Godaddy Inc shares valued at $629,055 were sold by Bhutani Amanpal Singh on Jul 01 ’24. At $139.79 per share, Bhutani Amanpal Singh sold 4,500 shares. The insider’s holdings dropped to 365,398 shares worth approximately $51.36 million following the completion of this transaction.

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Also, Chen Roger sold 4,000 shares, netting a total of over 559,160 in proceeds. Following the sale of shares at $139.79 each, the insider now holds 192,632 shares.

Before that, Sweet Leah had sold 1,000 shares from its account. In a trade valued at $141,590, the Director traded Godaddy Inc shares for $141.59 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $1.59 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 0.52%. Over the course of the year, Godaddy Inc shares have jumped approximately 32.39%. Shares of the company reached a 52-week high of $145.36 on 07/03/24 and a 52-week low of $99.90 on 01/05/24. A 50-day SMA is recorded $135.32, while a 200-day SMA reached $109.49. Nevertheless, trading volume fell to 1.44 million shares from 1.74 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 142.74, which, if violated, would cause prices to drop to 141.79. In the upper region, resistance lies at 145.00. The next price resistance is at 146.31. RSI (Relative Strength Index) is 56.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.15, which suggests the price will increase in the coming days. Percent R is at 17.33%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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