In a filing, 8X8 Inc. revealed its Chief Accounting Officer Seandel Suzy M unloaded Company’s shares for reported $20752.0 on Jul 16 ’24. In the deal valued at $2.83 per share,7,333 shares were sold. As a result of this transaction, Seandel Suzy M now holds 259,166 shares worth roughly $0.87 million.
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Then, Kraus Kevin sold 1,000 shares, generating $2,330 in total proceeds. Upon selling the shares at $2.33, the Chief Financial Officer now owns 284,676 shares.
Before that, Wilson Samuel C. sold 29,951 shares. 8X8 Inc. shares valued at $57,710 were divested by the Chief Executive Officer at a price of $1.93 per share. As a result of the transaction, Wilson Samuel C. now holds 940,248 shares, worth roughly $3.14 million.
Morgan Stanley downgraded its 8X8 Inc. [EGHT] rating to an Underweight from a an Equal-weight in a research note published on June 14, 2024; the price target was decreased to $2 from $3. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in early November from “a Hold” to “a Buy”. Craig Hallum also remained covering EGHT and has decreased its forecast on August 09, 2023 with a “Hold” recommendation from previously “Buy” rating. Rosenblatt started covering the stock on March 24, 2023. It rated EGHT as “a Buy”.
Price Performance Review of EGHT
On Friday, 8X8 Inc. [NASDAQ:EGHT] saw its stock jump 1.52% to $3.34. Over the last five days, the stock has gained 20.14%. 8X8 Inc. shares have fallen nearly -11.64% since the year began. Nevertheless, the stocks have fallen -23.22% over the past one year. While a 52-week high of $4.88 was reached on 01/02/24, a 52-week low of $1.85 was recorded on 06/17/24. SMA at 50 days reached $2.53, while 200 days put it at $2.80. A total of 0.7 million shares were traded, compared to the trading of 1.63 million shares in the previous session.
Levels Of Support And Resistance For EGHT Stock
The 24-hour chart illustrates a support level at 3.22, which if violated will result in even more drops to 3.10. On the upside, there is a resistance level at 3.43. A further resistance level may holdings at 3.53. The Relative Strength Index (RSI) on the 14-day chart is 71.38, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.46%. Stochastics%K at 89.96% indicates the stock is a selling.
The most recent change occurred on December 15, 2022 when Wedbush began covering the stock and recommended ‘”a Neutral”‘ rating along with a $7 price target.
