The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Etsy Inc shares valued at $73,752 were sold by Nadal Toni Thompson on Oct 03 ’24. At $51.11 per share, Nadal Toni Thompson sold 1,443 shares. The insider’s holdings dropped to 592 shares worth approximately $30452.48 following the completion of this transaction.
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Also, Daniel Nicholas sold 750 shares, netting a total of over 39,864 in proceeds. Following the sale of shares at $53.15 each, the insider now holds 25,121 shares.
Before that, Buckley Merilee had sold 1,676 shares from its account. In a trade valued at $85,660, the CHIEF ACCOUNTING OFFICER traded Etsy Inc shares for $51.11 each. Upon closing the transaction, the insider’s holdings decreased to 1,676 shares, worth approximately $0.0.
Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid October. As of September 05, 2024, Cantor Fitzgerald has initiated its “Neutral” rating for ETSY.
Analyzing ETSY Stock Performance
During the last five days, there has been a surge of approximately 5.78%. Over the course of the year, Etsy Inc shares have dropped approximately -36.53%. Shares of the company reached a 52-week high of $82.84 on 01/02/24 and a 52-week low of $47.10 on 10/30/24. A 50-day SMA is recorded $52.63, while a 200-day SMA reached $61.89. Nevertheless, trading volume fell to 10.15 million shares from 5.82 million shares the previous day.
Support And Resistance Levels for Etsy Inc (ETSY)
According to the 24-hour chart, there is a support level at 49.70, which, if violated, would cause prices to drop to 47.96. In the upper region, resistance lies at 54.33. The next price resistance is at 57.22. RSI (Relative Strength Index) is 52.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.99, which suggests the price will decrease in the coming days. Percent R is at 48.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
