Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Etsy Inc shares valued at $73,752 were sold by Nadal Toni Thompson on Oct 03 ’24. At $51.11 per share, Nadal Toni Thompson sold 1,443 shares. The insider’s holdings dropped to 592 shares worth approximately $30251.2 following the completion of this transaction.
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Also, Daniel Nicholas sold 750 shares, netting a total of over 39,864 in proceeds. Following the sale of shares at $53.15 each, the insider now holds 25,121 shares.
Before that, Buckley Merilee had sold 1,676 shares from its account. In a trade valued at $85,660, the CHIEF ACCOUNTING OFFICER traded Etsy Inc shares for $51.11 each. Upon closing the transaction, the insider’s holdings decreased to 1,676 shares, worth approximately $0.0.
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 drop of approximately -8.34%. Over the course of the year, Etsy Inc shares have dropped approximately -36.95%. Shares of the company reached a 52-week high of $82.84 on 01/02/24 and a 52-week low of $50.54 on 10/03/24. A 50-day SMA is recorded $55.30, while a 200-day SMA reached $64.74. Nevertheless, trading volume fell to 2.62 million shares from 2.47 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 50.51, which, if violated, would cause prices to drop to 49.91. In the upper region, resistance lies at 51.73. The next price resistance is at 52.36. RSI (Relative Strength Index) is 37.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.40, which suggests the price will decrease in the coming days. Percent R is at 92.52%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
