The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 8X8 Inc. shares valued at $713 were sold by Middleton Hunter on Aug 16 ’24. At $1.71 per share, Middleton Hunter sold 417 shares. The insider’s holdings dropped to 399,242 shares worth approximately $0.71 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Kraus Kevin sold 1,000 shares, netting a total of over 1,704 in proceeds. Following the sale of shares at $1.70 each, the insider now holds 283,676 shares.
Before that, Kraus Kevin had sold 406 shares from its account. In a trade valued at $694, the Chief Financial Officer traded 8X8 Inc. shares for $1.71 each. Upon closing the transaction, the insider’s holdings decreased to 406 shares, worth approximately $0.5 million.
As published in a research note from Morgan Stanley on June 14, 2024, 8X8 Inc. [EGHT] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $2 from $3. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of August 09, 2023, Craig Hallum has decreased its “Buy” rating to a “Hold” for EGHT. Earlier on March 24, 2023, Rosenblatt initiated its rating. Their recommendation was “a Buy” for EGHT stock.
Analyzing EGHT Stock Performance
During the last five days, there has been a surge of approximately 8.54%. Over the course of the year, 8X8 Inc. shares have dropped approximately -52.91%. Shares of the company reached a 52-week high of $3.8000 on 01/02/24 and a 52-week low of $1.5100 on 08/08/24. A 50-day SMA is recorded $2.3621, while a 200-day SMA reached $2.7832. Nevertheless, trading volume fell to 0.84 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for 8X8 Inc. (EGHT)
According to the 24-hour chart, there is a support level at 1.7067, which, if violated, would cause prices to drop to 1.6333. In the upper region, resistance lies at 1.8167. The next price resistance is at 1.8533. RSI (Relative Strength Index) is 35.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2664, which suggests the price will decrease in the coming days. Percent R is at 79.55%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
