Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Godaddy Inc shares valued at $63,043 were sold by Zarmi Sigal on Aug 09 ’24. At $157.61 per share, Zarmi Sigal sold 400 shares. The insider’s holdings dropped to 4,661 shares worth approximately $0.76 million following the completion of this transaction.
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Also, Zarmi Sigal purchased 400 shares, netting a total of over 63,043 in proceeds.
Before that, Bhutani Amanpal Singh had sold 3,000 shares from its account. In a trade valued at $439,440, the Chief Executive Officer traded Godaddy Inc shares for $146.48 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $58.87 million.
As published in a research note from B. Riley Securities on July 12, 2024, Godaddy Inc [GDDY] has been retained to a Buy and the price target has been revised to $170. As of February 14, 2024, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for GDDY. Earlier on January 09, 2024, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for GDDY stock which previously was a “a Neutral”.
Analyzing GDDY Stock Performance
During the last five days, there has been a surge of approximately 3.58%. Over the course of the year, Godaddy Inc shares have jumped approximately 53.02%. Shares of the company reached a 52-week high of $162.96 on 08/15/24 and a 52-week low of $99.90 on 01/05/24. A 50-day SMA is recorded $144.81, while a 200-day SMA reached $120.60. Nevertheless, trading volume fell to 1.0 million shares from 1.18 million shares the previous day.
Support And Resistance Levels for Godaddy Inc (GDDY)
According to the 24-hour chart, there is a support level at 161.09, which, if violated, would cause prices to drop to 159.72. In the upper region, resistance lies at 163.39. The next price resistance is at 164.32. RSI (Relative Strength Index) is 73.50 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.70, which suggests the price will increase in the coming days. Percent R is at 2.27%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
