In a filing, Upwork Inc revealed its Chief Accounting Officer Marie Olivier unloaded Company’s shares for reported $2297.0 on Oct 18 ’24. In the deal valued at $10.30 per share,223 shares were sold. As a result of this transaction, Marie Olivier now holds 10,447 shares worth roughly $0.13 million.
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Then, NELSON ELIZABETH A sold 75,000 shares, generating $790,448 in total proceeds. Upon selling the shares at $10.54, the Director now owns 48,915 shares.
Before that, Bottoms Dave sold 5,626 shares. Upwork Inc shares valued at $59,474 were divested by the GM VP II, Marketplace at a price of $10.57 per share. As a result of the transaction, Bottoms Dave now holds 15,196 shares, worth roughly $0.19 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 jump 1.70% to $12.57. Over the last five days, the stock has gained 25.07%. Upwork Inc shares have fallen nearly -15.47% since the year began. Nevertheless, the stocks have risen 22.87% 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 $10.27, while 200 days put it at $11.55.
Levels Of Support And Resistance For UPWK Stock
The 24-hour chart illustrates a support level at 12.25, which if violated will result in even more drops to 11.94. On the upside, there is a resistance level at 12.82. A further resistance level may holdings at 13.08. The Relative Strength Index (RSI) on the 14-day chart is 72.30, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.47%. Stochastics %K at 82.04% indicates the stock is a selling.
How much short interest is there in Upwork Inc?
A steep rise in short interest was recorded in Upwork Inc stocks on 2024-10-15, dropping by -0.79 million shares to a total of 11.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.96 million shares. There was a decline of -7.04%, which implies that there is a negative sentiment for the stock.
