Edgio Inc’s recently made public that its Former CTO Kapur Ajay unloaded Company’s shares for reported $0.25 million on Sep 12 ’24. In the deal valued at $1.72 per share,143,026 shares were sold. As a result of this transaction, Kapur Ajay now holds 0 shares worth roughly $0.0.
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Then, Kapur Ajay sold 5,000 shares, generating $5,500 in total proceeds. Upon selling the shares at $1.10, the Former CTO now owns 143,026 shares.
Northland Capital downgraded its Edgio Inc [EGIO] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Cowen’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Market perform”.
Price Performance Review of EGIO
On Friday, Edgio Inc [NASDAQ:EGIO] saw its stock fall -27.10% to $1.56. Over the last five days, the stock has lost -74.72%. Edgio Inc shares have fallen nearly -88.61% since the year began. Nevertheless, the stocks have fallen -95.30% over the past one year. While a 52-week high of $44.00 was reached on 04/15/24, a 52-week low of $0.72 was recorded on 09/10/24. SMA at 50 days reached $8.8862, while 200 days put it at $10.4974.
Levels Of Support And Resistance For EGIO Stock
The 24-hour chart illustrates a support level at 1.1333, which if violated will result in even more drops to 0.7067. On the upside, there is a resistance level at 2.2233. A further resistance level may holdings at 2.8867. The Relative Strength Index (RSI) on the 14-day chart is 25.25, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.2656, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.09%. Stochastics %K at 7.90% indicates the stock is a buying.
How much short interest is there in Edgio Inc?
A steep rise in short interest was recorded in Edgio Inc stocks on 2024-08-30, dropping by 24662.0 shares to a total of 0.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.35 million shares. There was a decline of -7.67%, which implies that there is a negative sentiment for the stock.
