Shutterstock Inc’s recent filing unveils that its Director Bigley Deirdre Mary acquired Company’s shares for reported $0.19 million on Aug 19 ’24. In the deal valued at $35.98 per share,5,304 shares were bought.
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Then, Hennessy Paul J. bought 12,500 shares, generating $479,700 in total proceeds. Upon buying the shares at $38.38, the CHIEF EXECUTIVE OFFICER now owns 87,803 shares.
Before that, Yahes Jarrod bought 5,350 shares. Shutterstock Inc shares valued at $199,822 were divested by the CHIEF FINANCIAL OFFICER at a price of $37.35 per share. As a result of the transaction, Yahes Jarrod now holds 43,904 shares, worth roughly $1.5 million.
JMP Securities also remained covering SSTK and has decreased its forecast on November 28, 2022 with a “Mkt perform” recommendation from previously “Mkt outperform” rating. Redburn started covering the stock on August 25, 2022. It rated SSTK as “a Buy”.
Price Performance Review of SSTK
On Tuesday, Shutterstock Inc [NYSE:SSTK] saw its stock fall -0.93% to $34.20. Over the last five days, the stock has lost -3.85%. Shutterstock Inc shares have fallen nearly -29.16% since the year began. Nevertheless, the stocks have fallen -17.87% over the past one year. While a 52-week high of $54.40 was reached on 03/08/24, a 52-week low of $32.72 was recorded on 08/22/24. SMA at 50 days reached $38.21, while 200 days put it at $43.14.
Levels Of Support And Resistance For SSTK Stock
The 24-hour chart illustrates a support level at 33.82, which if violated will result in even more drops to 33.44. On the upside, there is a resistance level at 34.65. A further resistance level may holdings at 35.10. The Relative Strength Index (RSI) on the 14-day chart is 38.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.85%. Stochastics%K at 26.20% indicates the stock is a holding.
How much short interest is there in Shutterstock Inc?
A steep rise in short interest was recorded in Shutterstock Inc stocks on 2024-07-31, dropping by -0.54 million shares to a total of 4.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.34 million shares. There was a decline of -11.18%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 28, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $54 price target.
