Grid Dynamics Holdings Inc’s recently made public that its CHIEF EXECUTIVE OFFICER Livschitz Leonard unloaded Company’s shares for reported $0.31 million on Oct 22 ’24. In the deal valued at $15.58 per share,20,000 shares were sold. As a result of this transaction, Livschitz Leonard now holds 3,435,901 shares worth roughly $55.66 million.
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Then, LEONARD LIVSCHITZ bought 20,000 shares, generating $311,587 in total proceeds.
Before that, Livschitz Leonard sold 5,000 shares. Grid Dynamics Holdings Inc shares valued at $75,000 were divested by the CHIEF EXECUTIVE OFFICER at a price of $15.00 per share. As a result of the transaction, Livschitz Leonard now holds 3,455,901 shares, worth roughly $55.99 million.
TD Cowen upgraded its Grid Dynamics Holdings Inc [GDYN] rating to a Buy from a a Hold in a research note published on August 02, 2024; the price target was increased to $16 from $12. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. Needham also remained covering GDYN and reiterated its “Buy” recommendation on March 04, 2022. Citigroup started covering the stock on November 01, 2021. It rated GDYN as “a Buy”.
Price Performance Review of GDYN
On Tuesday, Grid Dynamics Holdings Inc [NASDAQ:GDYN] saw its stock jump 1.00% to $16.20. Over the last five days, the stock has gained 3.51%. Grid Dynamics Holdings Inc shares have risen nearly 21.53% since the year began. Nevertheless, the stocks have risen 62.00% over the past one year. While a 52-week high of $16.08 was reached on 10/29/24, a 52-week low of $9.07 was recorded on 06/04/24. SMA at 50 days reached $14.33, while 200 days put it at $12.36.
Levels Of Support And Resistance For GDYN Stock
The 24-hour chart illustrates a support level at 16.06, which if violated will result in even more drops to 15.92. On the upside, there is a resistance level at 16.33. A further resistance level may holdings at 16.46. The Relative Strength Index (RSI) on the 14-day chart is 73.14, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.66%. Stochastics %K at 94.19% indicates the stock is a selling.
How much short interest is there in Grid Dynamics Holdings Inc?
A steep rise in short interest was recorded in Grid Dynamics Holdings Inc stocks on 2024-10-15, growing by 0.12 million shares to a total of 2.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.94 million shares. There was a rise of 5.75%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 30, 2021 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $25 price target.
