In a filing, SPS Commerce Inc. revealed its EVP & CFO Nelson Kimberly K. unloaded Company’s shares for reported $0.59 million on Aug 19 ’24. In the deal valued at $196.12 per share,3,000 shares were sold. As a result of this transaction, Nelson Kimberly K. now holds 147,002 shares worth roughly $25.06 million.
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Then, Frome James J. sold 3,684 shares, generating $726,874 in total proceeds. Upon selling the shares at $197.31, the President and COO now owns 43,466 shares.
Before that, KIMBERLY NELSON TODSUBJECT TO bought 3,000 shares. SPS Commerce Inc. shares valued at $590,400 were divested by the Officer at a price of $196.80 per share.
Northland Capital downgraded its SPS Commerce Inc. [SPSC] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Citigroup began covering SPSC with “Buy” recommendation on March 13, 2024. DA Davidson started covering the stock on November 14, 2023. It rated SPSC as “a Buy”.
Price Performance Review of SPSC
On Friday, SPS Commerce Inc. [NASDAQ:SPSC] saw its stock fall -10.73% to $170.49. Over the last five days, the stock has lost -11.58%. SPS Commerce Inc. shares have fallen nearly -12.05% since the year began. Nevertheless, the stocks have risen 9.00% over the past one year. While a 52-week high of $218.74 was reached on 02/09/24, a 52-week low of $151.96 was recorded on 04/18/24. SMA at 50 days reached $192.63, while 200 days put it at $188.71.
Levels Of Support And Resistance For SPSC Stock
The 24-hour chart illustrates a support level at 162.81, which if violated will result in even more drops to 155.14. On the upside, there is a resistance level at 184.53. A further resistance level may holdings at 198.58. The Relative Strength Index (RSI) on the 14-day chart is 25.35, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.83%. Stochastics %K at 16.85% indicates the stock is a buying.
How much short interest is there in SPS Commerce Inc.?
A steep rise in short interest was recorded in SPS Commerce Inc. stocks on 2024-10-15, dropping by 12116.0 shares to a total of 0.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.7 million shares. There was a decline of -1.76%, which implies that there is a negative sentiment for the stock.
