In a filing, Udemy Inc revealed its Officer VELAYUDHAN PILLAI VENUGOPAL acquired Company’s shares for reported $0.16 million on Sep 05 ’24. In the deal valued at $8.16 per share,20,027 shares were bought.
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Then, VELAYUDHAN PILLAI VENUGOPAL bought 28,207 shares, generating $236,304 in total proceeds.
Before that, VELAYUDHAN PILLAI VENUGOPAL bought 25,000 shares. Udemy Inc shares valued at $205,835 were divested by the Officer at a price of $8.23 per share.
Morgan Stanley downgraded its Udemy Inc [UDMY] rating to an Underweight from a an Equal-weight in a research note published on September 27, 2024; the price target was decreased to $7.50 from $10. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in early August with a ‘”a Buy”‘ rating. BofA Securities also remained covering UDMY and has decreased its forecast on August 01, 2024 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of UDMY
On Monday, Udemy Inc [NASDAQ:UDMY] saw its stock jump 1.15% to $7.95. Over the last five days, the stock has gained 8.76%. Udemy Inc shares have fallen nearly -46.03% since the year began. Nevertheless, the stocks have fallen -17.79% over the past one year. While a 52-week high of $16.01 was reached on 02/12/24, a 52-week low of $6.67 was recorded on 08/05/24. SMA at 50 days reached $7.74, while 200 days put it at $9.88.
Levels Of Support And Resistance For UDMY Stock
The 24-hour chart illustrates a support level at 7.84, which if violated will result in even more drops to 7.72. On the upside, there is a resistance level at 8.06. A further resistance level may holdings at 8.16. The Relative Strength Index (RSI) on the 14-day chart is 56.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.84%. Stochastics %K at 56.60% indicates the stock is a holding.
How much short interest is there in Udemy Inc?
A steep rise in short interest was recorded in Udemy Inc stocks on 2024-09-30, dropping by -0.7 million shares to a total of 7.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.28 million shares. There was a decline of -9.17%, which implies that there is a negative sentiment for the stock.
