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Checking in on Godaddy Inc (GDDY) after recent insiders movement

In a filing, Godaddy Inc revealed its Officer ROGER CHEN acquired Company’s shares for reported $0.59 million on Aug 01 ’24. In the deal valued at $146.48 per share,4,000 shares were bought.

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Then, AMANPAL BHUTANI bought 3,000 shares, generating $439,440 in total proceeds.

Before that, Chen Roger sold 4,000 shares. Godaddy Inc shares valued at $585,920 were divested by the Chief Operating Officer at a price of $146.48 per share. As a result of the transaction, Chen Roger now holds 188,632 shares, worth roughly $27.71 million.

B. Riley Securities reiterated its Godaddy Inc [GDDY] rating to a Buy in a research note published on July 12, 2024; the price target was $170. Evercore ISI also remained covering GDDY and has decreased its forecast on February 14, 2024 with a “an In-line” recommendation from previously “an Outperform” rating. Piper Sandler revised its rating on January 09, 2024. It rated GDDY as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of GDDY

On Monday, Godaddy Inc [NYSE:GDDY] saw its stock fall -2.89% to $146.88. Over the last five days, the stock has gained 2.11%. Godaddy Inc shares have risen nearly 38.36% since the year began. Nevertheless, the stocks have risen 93.98% over the past one year. While a 52-week high of $152.09 was reached on 08/02/24, a 52-week low of $69.18 was recorded on 01/05/24. SMA at 50 days reached $141.86, while 200 days put it at $117.25. A total of 1.43 million shares were traded, compared to the trading of 2.41 million shares in the previous session.

Levels Of Support And Resistance For GDDY Stock

The 24-hour chart illustrates a support level at 144.68, which if violated will result in even more drops to 142.48. On the upside, there is a resistance level at 149.12. A further resistance level may holdings at 151.36. The Relative Strength Index (RSI) on the 14-day chart is 55.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.49%. Stochastics%K at 54.87% indicates the stock is a holding.

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