In a filing, Etsy Inc revealed its CHIEF PRODUCT OFFICER Daniel Nicholas unloaded Company’s shares for reported $41550.0 on Sep 03 ’24. In the deal valued at $55.40 per share,750 shares were sold. As a result of this transaction, Daniel Nicholas now holds 18,083 shares worth roughly $1.01 million.
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Then, Daniel Nicholas bought 750 shares, generating $41,302 in total proceeds.
Before that, BALLARD ANDY sold 1,860 shares. Etsy Inc shares valued at $100,148 were divested by the Director at a price of $53.84 per share. As a result of the transaction, BALLARD ANDY now holds 3,318 shares, worth roughly $0.18 million.
Cantor Fitzgerald initiated its Etsy Inc [ETSY] rating to a Neutral in a research note published on September 05, 2024; the price target was $50. Oppenheimer also remained covering ETSY and has decreased its forecast on August 01, 2024 with a “Perform” recommendation from previously “an Outperform” rating. Wolfe Research started covering the stock on July 16, 2024. It rated ETSY as “a Peer perform”.
Price Performance Review of ETSY
On Friday, Etsy Inc [NASDAQ:ETSY] saw its stock jump 7.56% to $55.65. Over the last five days, the stock has gained 4.62%. Etsy Inc shares have fallen nearly -31.34% since the year began. Nevertheless, the stocks have fallen -13.80% over the past one year. While a 52-week high of $89.58 was reached on 01/02/24, a 52-week low of $50.63 was recorded on 09/11/24. SMA at 50 days reached $57.11, while 200 days put it at $66.60.
Levels Of Support And Resistance For ETSY Stock
The 24-hour chart illustrates a support level at 54.05, which if violated will result in even more drops to 52.46. On the upside, there is a resistance level at 56.97. A further resistance level may holdings at 58.30. The Relative Strength Index (RSI) on the 14-day chart is 52.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.30%. Stochastics %K at 40.77% indicates the stock is a holding.
How much short interest is there in Etsy Inc?
A steep rise in short interest was recorded in Etsy Inc stocks on 2024-08-30, growing by 1.74 million shares to a total of 16.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 14.32 million shares. There was a rise of 10.81%, which implies that there is a positive sentiment for the stock.
