Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Five9 Inc shares valued at $118,893 were sold by ZWARENSTEIN BARRY on Sep 10 ’24. At $26.97 per share, ZWARENSTEIN BARRY sold 4,408 shares. The insider’s holdings dropped to 101,732 shares worth approximately $3.13 million following the completion of this transaction.
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Also, Barry Zwarenstein purchased 4,408 shares, netting a total of over 122,763 in proceeds.
Before that, Mansharamani Leena had sold 1,395 shares from its account. In a trade valued at $42,558, the SVP, Chief Accounting Officer traded Five9 Inc shares for $30.51 each. Upon closing the transaction, the insider’s holdings decreased to 1,395 shares, worth approximately $1.14 million.
As published in a research note from Robert W. Baird on August 09, 2024, Five9 Inc [FIVN] has been rated down from an Outperform to a Neutral and the price target has been revised to $40 from $90. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of March 15, 2024, RBC Capital Mkts has initiated its “an Outperform” rating for FIVN. Earlier on September 21, 2023, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for FIVN stock which previously was a “a Hold”.
Analyzing FIVN Stock Performance
During the last five days, there has been a surge of approximately 2.77%. Over the course of the year, Five9 Inc shares have dropped approximately -60.86%. Shares of the company reached a 52-week high of $81.24 on 01/22/24 and a 52-week low of $26.60 on 09/10/24. A 50-day SMA is recorded $30.01, while a 200-day SMA reached $49.52. Nevertheless, trading volume fell to 1.2 million shares from 2.64 million shares the previous day.
Support And Resistance Levels for Five9 Inc (FIVN)
According to the 24-hour chart, there is a support level at 30.12, which, if violated, would cause prices to drop to 29.45. In the upper region, resistance lies at 31.22. The next price resistance is at 31.64. RSI (Relative Strength Index) is 56.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.45, which suggests the price will decrease in the coming days. Percent R is at 24.94%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
