Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Etsy Inc shares valued at $41,550 were sold by Daniel Nicholas on Sep 03 ’24. At $55.40 per share, Daniel Nicholas sold 750 shares. The insider’s holdings dropped to 18,083 shares worth approximately $0.98 million following the completion of this transaction.
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Also, Daniel Nicholas purchased 750 shares, netting a total of over 41,302 in proceeds.
Before that, BALLARD ANDY had sold 1,860 shares from its account. In a trade valued at $100,148, the Director traded Etsy Inc shares for $53.84 each. Upon closing the transaction, the insider’s holdings decreased to 1,860 shares, worth approximately $0.18 million.
As published in their initiating research note from Cantor Fitzgerald on September 05, 2024, Etsy Inc [ETSY] has been a Neutral and the price target has been revised to $50. As of August 01, 2024, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for ETSY. Earlier on July 16, 2024, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for ETSY stock.
Analyzing ETSY Stock Performance
During the last five days, there has been a surge of approximately 4.50%. Over the course of the year, Etsy Inc shares have dropped approximately -33.29%. Shares of the company reached a 52-week high of $82.84 on 01/02/24 and a 52-week low of $50.63 on 09/11/24. A 50-day SMA is recorded $56.87, while a 200-day SMA reached $66.13. Nevertheless, trading volume fell to 3.47 million shares from 3.21 million shares the previous day.
Support And Resistance Levels for Etsy Inc (ETSY)
According to the 24-hour chart, there is a support level at 53.42, which, if violated, would cause prices to drop to 52.78. In the upper region, resistance lies at 55.06. The next price resistance is at 56.06. RSI (Relative Strength Index) is 47.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.16, which suggests the price will decrease in the coming days. Percent R is at 43.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
