8X8 Inc.’s recently made public that its Director MONIQUE BONNER acquired Company’s shares for reported $58450.0 on Jul 29 ’24. In the deal valued at $3.34 per share,17,500 shares were bought.
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Then, Bonner Monique sold 17,500 shares, generating $56,807 in total proceeds. Upon selling the shares at $3.25, the Director now owns 94,387 shares.
Before that, Theophille Elizabeth Harriet sold 10,598 shares. 8X8 Inc. shares valued at $35,078 were divested by the Director at a price of $3.31 per share. As a result of the transaction, Theophille Elizabeth Harriet now holds 65,181 shares, worth roughly $0.18 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 fall -2.47% to $2.76. Over the last five days, the stock has lost -17.37%. 8X8 Inc. shares have fallen nearly -26.98% since the year began. Nevertheless, the stocks have fallen -40.52% over the past one year. While a 52-week high of $4.72 was reached on 01/02/24, a 52-week low of $1.85 was recorded on 06/17/24. SMA at 50 days reached $2.56, while 200 days put it at $2.82. A total of 0.72 million shares were traded, compared to the trading of 0.76 million shares in the previous session.
Levels Of Support And Resistance For EGHT Stock
The 24-hour chart illustrates a support level at 2.68, which if violated will result in even more drops to 2.59. On the upside, there is a resistance level at 2.84. A further resistance level may holdings at 2.91. The Relative Strength Index (RSI) on the 14-day chart is 49.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.21%. Stochastics%K at 46.47% indicates the stock is a holding.
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.
