In a filing, SPS Commerce Inc. revealed its Director SVEN WEHRWEIN acquired Company’s shares for reported $0.4 million on Aug 09 ’24. In the deal valued at $201.35 per share,2,000 shares were bought.
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Then, WEHRWEIN SVEN sold 2,000 shares, generating $402,704 in total proceeds. Upon selling the shares at $201.35, the Director now owns 16,212 shares.
Before that, SORAN PHILIP sold 2,390 shares. SPS Commerce Inc. shares valued at $491,838 were divested by the Director at a price of $205.79 per share. As a result of the transaction, SORAN PHILIP now holds 18,852 shares, worth roughly $3.7 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 1.22% to $196.27. Over the last five days, the stock has gained 1.97%. SPS Commerce Inc. shares have risen nearly 1.25% since the year began. Nevertheless, the stocks have risen 15.71% 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 $194.16, while 200 days put it at $184.78.
Levels Of Support And Resistance For SPSC Stock
The 24-hour chart illustrates a support level at 195.42, which if violated will result in even more drops to 194.57. On the upside, there is a resistance level at 197.52. A further resistance level may holdings at 198.77. The Relative Strength Index (RSI) on the 14-day chart is 47.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.27%. Stochastics%K at 28.30% indicates the stock is a holding.
How much short interest is there in SPS Commerce Inc.?
A steep rise in short interest was recorded in SPS Commerce Inc. stocks on
