Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Udemy Inc shares valued at $163,479 were purchased by VELAYUDHAN PILLAI VENUGOPAL on Sep 05 ’24. At $8.16 per share, VELAYUDHAN PILLAI VENUGOPAL acquired 20,027 shares.
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Also, VELAYUDHAN PILLAI VENUGOPAL purchased 28,207 shares, netting a total of over 236,304 in proceeds.
Before that, VELAYUDHAN PILLAI VENUGOPAL had added 25,000 shares to its account. In a trade valued at $205,835, the Officer bought Udemy Inc shares for $8.23 each.
As published in a research note from Morgan Stanley on September 27, 2024, Udemy Inc [UDMY] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $7.50 from $10. Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in early August. As of August 01, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for UDMY.
Analyzing UDMY Stock Performance
During the last five days, there has been a surge of approximately 4.99%. Over the course of the year, Udemy Inc shares have dropped approximately -45.69%. Shares of the company reached a 52-week high of $14.74 on 02/12/24 and a 52-week low of $6.67 on 08/05/24. A 50-day SMA is recorded $7.80, while a 200-day SMA reached $9.78. Nevertheless, trading volume fell to 1.1 million shares from 0.67 million shares the previous day.
Support And Resistance Levels for Udemy Inc (UDMY)
According to the 24-hour chart, there is a support level at 7.84, which, if violated, would cause prices to drop to 7.67. In the upper region, resistance lies at 8.29. The next price resistance is at 8.57. RSI (Relative Strength Index) is 55.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 32.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
