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Recent Insider Activity Suggests Potential Gains for Squarespace Inc (SQSP)

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In a filing, Squarespace Inc revealed its Officer Anthony Casalena acquired Company’s shares for reported $1.81 million on Sep 30 ’24. In the deal valued at $46.43 per share,38,900 shares were bought.

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Then, Casalena Anthony sold 145,182 shares, generating $6,726,282 in total proceeds. Upon selling the shares at $46.33, the Chief Executive Officer now owns 1,349,263 shares.

Before that, Casalena Anthony sold 80,443 shares. Squarespace Inc shares valued at $3,730,142 were divested by the Chief Executive Officer at a price of $46.37 per share. As a result of the transaction, Casalena Anthony now holds 1,268,820 shares, worth roughly $58.91 million.

Mizuho downgraded its Squarespace Inc [SQSP] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in mid June from “a Buy” to “a Neutral”. Mizuho also remained covering SQSP and has increased its forecast on May 10, 2024 with a “Buy” recommendation from previously “Neutral” rating.

Price Performance Review of SQSP

On Monday, Squarespace Inc [NYSE:SQSP] saw its stock jump 0.11% to $46.43. Over the last five days, the stock has gained 0.13%. Squarespace Inc shares have risen nearly 40.65% since the year began. Nevertheless, the stocks have risen 59.61% over the past one year. While a 52-week high of $46.48 was reached on 09/17/24, a 52-week low of $26.70 was recorded on 02/21/24. SMA at 50 days reached $45.15, while 200 days put it at $38.71.

Levels Of Support And Resistance For SQSP Stock

The 24-hour chart illustrates a support level at 46.38, which if violated will result in even more drops to 46.34. On the upside, there is a resistance level at 46.46. A further resistance level may holdings at 46.50. The Relative Strength Index (RSI) on the 14-day chart is 76.16, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.52%. Stochastics %K at 74.40% indicates the stock is a holding.

How much short interest is there in Squarespace Inc?

A steep rise in short interest was recorded in Squarespace Inc stocks on 2024-09-13, growing by 20342.0 shares to a total of 1.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.72 million shares. There was a rise of 1.17%, which implies that there is a positive sentiment for the stock.

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