Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Shift4 Payments Inc shares valued at $1,032,118 were sold by Frankel Jordan on Sep 16 ’24. At $82.57 per share, Frankel Jordan sold 12,500 shares. The insider’s holdings dropped to 228,021 shares worth approximately $20.62 million following the completion of this transaction.
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Also, Disman Nancy sold 20,000 shares, netting a total of over 1,625,992 in proceeds. Following the sale of shares at $81.30 each, the insider now holds 182,959 shares.
Before that, Frankel Jordan had added 12,500 shares to its account. In a trade valued at $1,032,117, the Officer bought Shift4 Payments Inc shares for $82.57 each.
As published in their initiating research note from Barclays on October 09, 2024, Shift4 Payments Inc [FOUR] has been an Overweight and the price target has been revised to $120. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in early October. As of September 04, 2024, William Blair has initiated its “an Outperform” rating for FOUR. Earlier on May 24, 2024, Wedbush initiated its rating. Their recommendation was “a Neutral” for FOUR stock.
Analyzing FOUR Stock Performance
During the last five days, there has been a drop of approximately -3.52%. Over the course of the year, Shift4 Payments Inc shares have jumped approximately 21.66%. Shares of the company reached a 52-week high of $96.96 on 10/18/24 and a 52-week low of $55.87 on 04/25/24. A 50-day SMA is recorded $86.93, while a 200-day SMA reached $74.72. Nevertheless, trading volume fell to 0.73 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for Shift4 Payments Inc (FOUR)
According to the 24-hour chart, there is a support level at 89.75, which, if violated, would cause prices to drop to 89.05. In the upper region, resistance lies at 91.57. The next price resistance is at 92.69. RSI (Relative Strength Index) is 48.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.59, which suggests the price will decrease in the coming days. Percent R is at 84.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
