The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Upwork Inc shares valued at $2,297 were sold by Marie Olivier on Oct 18 ’24. At $10.30 per share, Marie Olivier sold 223 shares. The insider’s holdings dropped to 10,447 shares worth approximately $0.13 million following the completion of this transaction.
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Also, NELSON ELIZABETH A sold 75,000 shares, netting a total of over 790,448 in proceeds. Following the sale of shares at $10.54 each, the insider now holds 48,915 shares.
Before that, Bottoms Dave had sold 5,626 shares from its account. In a trade valued at $59,474, the GM VP II, Marketplace traded Upwork Inc shares for $10.57 each. Upon closing the transaction, the insider’s holdings decreased to 5,626 shares, worth approximately $0.19 million.
Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of January 08, 2024, Jefferies has increased its “Hold” rating to a “Buy” for UPWK. Earlier on October 04, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for UPWK stock.
Analyzing UPWK Stock Performance
During the last five days, there has been a surge of approximately 23.29%. Over the course of the year, Upwork Inc shares have dropped approximately -14.93%. Shares of the company reached a 52-week high of $16.36 on 01/09/24 and a 52-week low of $8.43 on 08/08/24. A 50-day SMA is recorded $10.16, while a 200-day SMA reached $11.58. Nevertheless, trading volume fell to 3.97 million shares from 1.11 million shares the previous day.
Support And Resistance Levels for Upwork Inc (UPWK)
According to the 24-hour chart, there is a support level at 12.38, which, if violated, would cause prices to drop to 12.11. In the upper region, resistance lies at 12.98. The next price resistance is at 13.30. RSI (Relative Strength Index) is 76.06 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.15, which suggests the price will increase in the coming days. Percent R is at 12.38%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
