SPS Commerce Inc.’s recently made public that its Director SORAN PHILIP unloaded Company’s shares for reported $0.49 million on Jul 16 ’24. In the deal valued at $205.79 per share,2,390 shares were sold. As a result of this transaction, SORAN PHILIP now holds 18,852 shares worth roughly $3.92 million.
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Then, SORAN PHILIP sold 895 shares, generating $183,522 in total proceeds. Upon selling the shares at $205.05, the Director now owns 18,852 shares.
Before that, SORAN PHILIP sold 3,285 shares. SPS Commerce Inc. shares valued at $657,185 were divested by the Director at a price of $200.06 per share. As a result of the transaction, SORAN PHILIP now holds 18,852 shares, worth roughly $3.92 million.
Northland Capital downgraded its SPS Commerce Inc. [SPSC] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Citigroup began covering SPSC with “Buy” recommendation on March 13, 2024. DA Davidson started covering the stock on November 14, 2023. It rated SPSC as “a Buy”.
Price Performance Review of SPSC
On Tuesday, SPS Commerce Inc. [NASDAQ:SPSC] saw its stock jump 0.93% to $207.72. Over the last five days, the stock has lost -0.45%. SPS Commerce Inc. shares have risen nearly 7.16% since the year began. Nevertheless, the stocks have risen 19.02% over the past one year. While a 52-week high of $218.74 was reached on 02/09/24, a 52-week low of $151.96 was recorded on 04/18/24. SMA at 50 days reached $193.02, while 200 days put it at $183.07. A total of 0.2 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For SPSC Stock
The 24-hour chart illustrates a support level at 205.38, which if violated will result in even more drops to 203.04. On the upside, there is a resistance level at 209.60. A further resistance level may holdings at 211.48. The Relative Strength Index (RSI) on the 14-day chart is 62.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.58%. Stochastics%K at 71.41% indicates the stock is a holding.
