Upwork Inc’s filing revealed that its Director NELSON ELIZABETH A unloaded Company’s shares for reported $0.79 million on Sep 18 ’24. In the deal valued at $10.54 per share,75,000 shares were sold. As a result of this transaction, NELSON ELIZABETH A now holds 48,915 shares worth roughly $-0.51 million.
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Then, Bottoms Dave sold 5,626 shares, generating $59,474 in total proceeds. Upon selling the shares at $10.57, the GM VP II, Marketplace now owns 15,196 shares.
Before that, Bottoms Dave sold 4,688 shares. Upwork Inc shares valued at $50,338 were divested by the GM VP II, Marketplace at a price of $10.74 per share. As a result of the transaction, Bottoms Dave now holds 10,508 shares, worth roughly $0.11 million.
A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. Jefferies also remained covering UPWK and has increased its forecast on January 08, 2024 with a “Buy” recommendation from previously “Hold” rating. UBS started covering the stock on October 04, 2023. It rated UPWK as “a Neutral”.
Price Performance Review of UPWK
On Monday, Upwork Inc [NASDAQ:UPWK] saw its stock fall -0.19% to $10.42. Over the last five days, the stock has lost -0.48%. Upwork Inc shares have fallen nearly -29.93% since the year began. Nevertheless, the stocks have fallen -6.04% over the past one year. While a 52-week high of $16.36 was reached on 01/09/24, a 52-week low of $8.43 was recorded on 08/08/24. SMA at 50 days reached $10.01, while 200 days put it at $11.73.
Levels Of Support And Resistance For UPWK Stock
The 24-hour chart illustrates a support level at 10.20, which if violated will result in even more drops to 9.98. On the upside, there is a resistance level at 10.54. A further resistance level may holdings at 10.66. The Relative Strength Index (RSI) on the 14-day chart is 52.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.81%. Stochastics %K at 48.59% indicates the stock is a holding.
How much short interest is there in Upwork Inc?
A steep rise in short interest was recorded in Upwork Inc stocks on 2024-09-30, growing by 0.49 million shares to a total of 12.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.81 million shares. There was a rise of 4.01%, which implies that there is a positive sentiment for the stock.
