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Euronet Worldwide Inc [EEFT] Investment Guide: What You Need to Know

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Euronet Worldwide Inc’s filing revealed that its Director MCDONNELL THOMAS A acquired Company’s shares for reported $0.3 million on Aug 05 ’24. In the deal valued at $93.86 per share,3,206 shares were bought. As a result of this transaction, MCDONNELL THOMAS A now holds 90,000 shares worth roughly $9.03 million.

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Monness Crespi & Hardt reiterated its Euronet Worldwide Inc [EEFT] rating to a Neutral in a research note published on July 22, 2024; the price target was $145. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in mid May from “an Underperform” to “a Peer perform”. Citigroup also remained covering EEFT and has increased its forecast on April 22, 2024 with a “Buy” recommendation from previously “Neutral” rating. Stephens revised its rating on February 01, 2024. It rated EEFT as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of EEFT

On Tuesday, Euronet Worldwide Inc [NASDAQ:EEFT] saw its stock jump 3.36% to $100.32. Over the last five days, the stock has gained 7.16%. Euronet Worldwide Inc shares have fallen nearly -1.15% since the year began. Nevertheless, the stocks have risen 18.40% over the past one year. While a 52-week high of $117.66 was reached on 06/03/24, a 52-week low of $73.84 was recorded on 08/05/24. SMA at 50 days reached $104.15, while 200 days put it at $101.93.

Levels Of Support And Resistance For EEFT Stock

The 24-hour chart illustrates a support level at 98.02, which if violated will result in even more drops to 95.72. On the upside, there is a resistance level at 101.84. A further resistance level may holdings at 103.36. The Relative Strength Index (RSI) on the 14-day chart is 50.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.70%. Stochastics%K at 58.03% indicates the stock is a holding.

How much short interest is there in Euronet Worldwide Inc?

A steep rise in short interest was recorded in Euronet Worldwide Inc stocks on , dropping by -0.37 million shares to a total of 0.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.13 million shares. There was a decline of -48.09%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on August 23, 2023 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $115.

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