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. Ethan Allen Interiors, Inc. shares valued at $303,600 were sold by KATHWARI M FAROOQ on Aug 19 ’24. At $30.36 per share, KATHWARI M FAROOQ sold 10,000 shares. The insider’s holdings dropped to 1,712,319 shares worth approximately $50.91 million following the completion of this transaction.
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Also, KATHWARI M FAROOQ sold 700 shares, netting a total of over 21,252 in proceeds. Following the sale of shares at $30.36 each, the insider now holds 24,475 shares.
Before that, KATHWARI M FAROOQ had sold 10,000 shares from its account. In a trade valued at $310,500, the Chairman, President & CEO traded Ethan Allen Interiors, Inc. shares for $31.05 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $50.99 million.
Analyzing ETD Stock Performance
During the last five days, there has been a drop of approximately -2.08%. Over the course of the year, Ethan Allen Interiors, Inc. shares have dropped approximately -5.59%. Shares of the company reached a 52-week high of $35.62 on 08/01/24 and a 52-week low of $26.53 on 07/09/24. A 50-day SMA is recorded $29.11, while a 200-day SMA reached $29.99. Nevertheless, trading volume fell to 0.51 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for Ethan Allen Interiors, Inc. (ETD)
According to the 24-hour chart, there is a support level at 29.06, which, if violated, would cause prices to drop to 28.40. In the upper region, resistance lies at 30.90. The next price resistance is at 32.08. RSI (Relative Strength Index) is 49.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 76.13%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
