Godaddy Inc’s recently made public that its Chief Operating Officer Chen Roger unloaded Company’s shares for reported $0.16 million on Oct 15 ’24. In the deal valued at $164.16 per share,1,000 shares were sold. As a result of this transaction, Chen Roger now holds 186,632 shares worth roughly $29.84 million.
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Then, ROGER CHEN bought 1,000 shares, generating $164,160 in total proceeds.
Before that, McCaffrey Mark sold 5,500 shares. Godaddy Inc shares valued at $855,800 were divested by the Chief Financial Officer at a price of $155.60 per share. As a result of the transaction, McCaffrey Mark now holds 93,102 shares, worth roughly $14.89 million.
Piper Sandler downgraded its Godaddy Inc [GDDY] rating to a Neutral from a an Overweight in a research note published on September 23, 2024; the price target was increased to $172 from $160. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. B. Riley Securities also remained covering GDDY and reiterated its “Buy” recommendation on July 12, 2024.
Price Performance Review of GDDY
On Monday, Godaddy Inc [NYSE:GDDY] saw its stock fall -0.39% to $159.90. Over the last five days, the stock has lost -2.43%. Godaddy Inc shares have risen nearly 50.62% since the year began. Nevertheless, the stocks have risen 120.55% over the past one year. While a 52-week high of $167.65 was reached on 08/30/24, a 52-week low of $71.15 was recorded on 01/05/24. SMA at 50 days reached $159.11, while 200 days put it at $136.37.
Levels Of Support And Resistance For GDDY Stock
The 24-hour chart illustrates a support level at 159.09, which if violated will result in even more drops to 158.28. On the upside, there is a resistance level at 161.44. A further resistance level may holdings at 162.98. The Relative Strength Index (RSI) on the 14-day chart is 48.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.70%. Stochastics %K at 38.85% indicates the stock is a holding.
How much short interest is there in Godaddy Inc?
A steep rise in short interest was recorded in Godaddy Inc stocks on 2024-10-15, dropping by -0.3 million shares to a total of 3.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.3 million shares. There was a decline of -10.0%, which implies that there is a negative sentiment for the stock.
