Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Eventbrite Inc shares valued at $98,618 were sold by Baker Charles on Jun 14 ’24. At $4.93 per share, Baker Charles sold 20,000 shares. The insider’s holdings dropped to 636,167 shares worth approximately $2.15 million following the completion of this transaction.
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Also, Baker Charles sold 20,000 shares, netting a total of over 110,496 in proceeds. Following the sale of shares at $5.52 each, the insider now holds 357,839 shares.
Before that, Baker Charles had sold 20,000 shares from its account. In a trade valued at $166,846, the Chief Financial Officer traded Eventbrite Inc shares for $8.34 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $1.22 million.
As published in a research note from Truist on August 09, 2024, Eventbrite Inc [EB] has been rated down from a Buy to a Hold. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of August 09, 2024, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for EB. Earlier on December 08, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for EB stock.
Analyzing EB Stock Performance
During the last five days, there has been a surge of approximately 16.96%. Over the course of the year, Eventbrite Inc shares have dropped approximately -59.57%. Shares of the company reached a 52-week high of $9.20 on 02/15/24 and a 52-week low of $2.51 on 08/09/24. A 50-day SMA is recorded $4.51, while a 200-day SMA reached $6.16. Nevertheless, trading volume fell to 2.6 million shares from 1.46 million shares the previous day.
Support And Resistance Levels for Eventbrite Inc (EB)
According to the 24-hour chart, there is a support level at 3.22, which, if violated, would cause prices to drop to 3.05. In the upper region, resistance lies at 3.48. The next price resistance is at 3.57. RSI (Relative Strength Index) is 37.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.21, which suggests the price will decrease in the coming days. Percent R is at 55.95%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
