Godaddy Inc’s recently made public that its Chief Financial Officer McCaffrey Mark unloaded Company’s shares for reported $0.86 million on Oct 01 ’24. In the deal valued at $155.60 per share,5,500 shares were sold. As a result of this transaction, McCaffrey Mark now holds 93,102 shares worth roughly $14.46 million.
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Then, McCaffrey Mark sold 624 shares, generating $95,715 in total proceeds. Upon selling the shares at $153.39, the Chief Financial Officer now owns 92,478 shares.
Before that, Bhutani Amanpal Singh sold 3,000 shares. Godaddy Inc shares valued at $466,800 were divested by the Chief Executive Officer at a price of $155.60 per share. As a result of the transaction, Bhutani Amanpal Singh now holds 348,956 shares, worth roughly $54.18 million.
Piper Sandler downgraded its Godaddy Inc [GDDY] rating to a Neutral from a an Overweight in a research note published on September 23, 2024; the price target was increased to $172 from $160. 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. B. Riley Securities also remained covering GDDY and reiterated its “Buy” recommendation on July 12, 2024.
Price Performance Review of GDDY
On Monday, Godaddy Inc [NYSE:GDDY] saw its stock fall -0.68% to $155.26. Over the last five days, the stock has lost -0.97%. Godaddy Inc shares have risen nearly 46.25% since the year began. Nevertheless, the stocks have risen 111.32% over the past one year. While a 52-week high of $167.65 was reached on 08/30/24, a 52-week low of $71.15 was recorded on 01/05/24. SMA at 50 days reached $156.29, while 200 days put it at $132.01.
Levels Of Support And Resistance For GDDY Stock
The 24-hour chart illustrates a support level at 154.40, which if violated will result in even more drops to 153.55. On the upside, there is a resistance level at 156.66. A further resistance level may holdings at 158.07. The Relative Strength Index (RSI) on the 14-day chart is 48.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.68%. Stochastics %K at 41.50% indicates the stock is a holding.
How much short interest is there in Godaddy Inc?
A steep rise in short interest was recorded in Godaddy Inc stocks on 2024-09-13, dropping by -0.23 million shares to a total of 3.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.53 million shares. There was a decline of -6.98%, which implies that there is a negative sentiment for the stock.
