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Analyzing Eventbrite Inc (EB) After Recent Trading Activity

In a filing, Eventbrite Inc revealed its CFO Baker Charles unloaded Company’s shares for reported $98618.0 on Jun 14 ’24. In the deal valued at $4.93 per share,20,000 shares were sold. As a result of this transaction, Baker Charles now holds 636,167 shares worth roughly $3.32 million.

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Then, Baker Charles sold 20,000 shares, generating $110,496 in total proceeds. Upon selling the shares at $5.52, the CFO now owns 357,839 shares.

Before that, Baker Charles sold 20,000 shares. Eventbrite Inc shares valued at $166,846 were divested by the Chief Financial Officer at a price of $8.34 per share. As a result of the transaction, Baker Charles now holds 361,319 shares, worth roughly $1.89 million.

B. Riley Securities initiated its Eventbrite Inc [EB] rating to a Buy in a research note published on December 08, 2023; the price target was $13. A number of analysts have revised their coverage, including BWS Financial’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. KeyBanc Capital Markets also remained covering EB and has increased its forecast on July 27, 2023 with a “an Overweight” recommendation from previously “Sector weight” rating. Piper Sandler started covering the stock on July 15, 2022. It rated EB as “an Overweight”.

Price Performance Review of EB

On Tuesday, Eventbrite Inc [NYSE:EB] saw its stock fall -1.51% to $5.22. Over the last five days, the stock has lost -2.06%. Eventbrite Inc shares have fallen nearly -37.56% since the year began. Nevertheless, the stocks have fallen -54.92% over the past one year. While a 52-week high of $11.90 was reached on 02/15/24, a 52-week low of $4.46 was recorded on 07/10/24. SMA at 50 days reached $4.99, while 200 days put it at $6.55. A total of 0.85 million shares were traded, compared to the trading of 1.29 million shares in the previous session.

Levels Of Support And Resistance For EB Stock

The 24-hour chart illustrates a support level at 5.13, which if violated will result in even more drops to 5.04. On the upside, there is a resistance level at 5.36. A further resistance level may holdings at 5.50. The Relative Strength Index (RSI) on the 14-day chart is 53.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.28%. Stochastics%K at 52.63% indicates the stock is a holding.

The most recent change occurred on July 13, 2022 when KeyBanc Capital Markets began covering the stock and recommended ‘”a Sector weight”‘ rating.

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