In a filing, Shopify Inc revealed its director Robert Ashe acquired Company’s shares for reported $6.3 million on Sep 26 ’24. In the deal valued at $78.72 per share,80,000 shares were bought.
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Then, Harley Finkelstein bought 10,500 shares, generating $748,755 in total proceeds.
Before that, Jeff Hoffmeister bought 10,000 shares. Shopify Inc shares valued at $681,700 were divested by the Officer at a price of $68.17 per share.
Redburn Atlantic upgraded its Shopify Inc [SHOP] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. DZ Bank also remained covering SHOP and has decreased its forecast on August 09, 2024 with a “Sell” recommendation from previously “Hold” rating.
Price Performance Review of SHOP
On Tuesday, Shopify Inc [NYSE:SHOP] saw its stock fall -2.11% to $78.45. Over the last five days, the stock has lost -2.34%. Shopify Inc shares have risen nearly 0.71% since the year began. Nevertheless, the stocks have risen 43.76% over the past one year. While a 52-week high of $91.57 was reached on 02/12/24, a 52-week low of $45.50 was recorded on 08/05/24. SMA at 50 days reached $70.33, while 200 days put it at $71.74.
Levels Of Support And Resistance For SHOP Stock
The 24-hour chart illustrates a support level at 77.40, which if violated will result in even more drops to 76.35. On the upside, there is a resistance level at 79.87. A further resistance level may holdings at 81.29. The Relative Strength Index (RSI) on the 14-day chart is 59.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.44%. Stochastics %K at 85.05% indicates the stock is a selling.
How much short interest is there in Shopify Inc?
A steep rise in short interest was recorded in Shopify Inc stocks on 2024-09-13, dropping by 75498.0 shares to a total of 21.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 21.49 million shares. There was a decline of -0.35%, which implies that there is a negative sentiment for the stock.
