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Squarespace Inc [SQSP] Chief Executive Officer makes an insider purchase of 57,372 shares worth 2.5 million.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Squarespace Inc shares valued at $2,497,403 were sold by Casalena Anthony on Jul 02 ’24. At $43.53 per share, Casalena Anthony sold 57,372 shares. The insider’s holdings dropped to 2,035,500 shares worth approximately $88.58 million following the completion of this transaction.

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Also, Casalena Anthony sold 60,012 shares, netting a total of over 2,611,722 in proceeds. Following the sale of shares at $43.52 each, the insider now holds 2,092,872 shares.

Before that, Casalena Anthony had sold 52,029 shares from its account. In a trade valued at $2,268,464, the Chief Executive Officer traded Squarespace Inc shares for $43.60 each. Upon closing the transaction, the insider’s holdings decreased to 52,029 shares, worth approximately $93.69 million.

As published in a research note from B. Riley Securities on June 11, 2024, Squarespace Inc [SQSP] has been rated down from a Buy to a Neutral and the price target has been revised to $43. Analysts at Mizuho upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early May. Earlier on March 04, 2024, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for SQSP stock which previously was a “a Neutral”.

Analyzing SQSP Stock Performance

During the last five days, there has been a drop of approximately -0.05%. Over the course of the year, Squarespace Inc shares have jumped approximately 31.84%. Shares of the company reached a 52-week high of $44.29 on 05/20/24 and a 52-week low of $30.26 on 02/21/24. A 50-day SMA is recorded $41.47, while a 200-day SMA reached $33.83. Nevertheless, trading volume fell to 1.18 million shares from 1.0 million shares the previous day.

Support And Resistance Levels for Squarespace Inc (SQSP)

According to the 24-hour chart, there is a support level at 43.58, which, if violated, would cause prices to drop to 43.37. In the upper region, resistance lies at 43.92. The next price resistance is at 44.05. RSI (Relative Strength Index) is 60.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.01, which suggests the price will decrease in the coming days. Percent R is at 10.61%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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