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A company insider recently sold 76,571 shares of BigCommerce Holdings Inc [BIGC]. Should You also Consider to Sale?

BigCommerce Holdings Inc’s recently made public that its Director Richards Jeffrey Gordon unloaded Company’s shares for reported $0.43 million on Aug 13 ’24. In the deal valued at $5.61 per share,76,571 shares were sold. As a result of this transaction, Richards Jeffrey Gordon now holds 7,192 shares worth roughly $36966.88.

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Then, Richards Jeffrey Gordon sold 53,718 shares, generating $293,461 in total proceeds. Upon selling the shares at $5.46, the Director now owns 5,291 shares.

Before that, GGV CAP V ENTREPRENEURS FD LP bought 1,901 shares. BigCommerce Holdings Inc shares valued at $10,385 were divested by the Director at a price of $5.46 per share.

BofA Securities downgraded its BigCommerce Holdings Inc [BIGC] rating to an Underperform from a a Neutral in a research note published on March 25, 2024; the price target was decreased to $7.50 from $11. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. UBS began covering BIGC with “Neutral” recommendation on September 22, 2023. DA Davidson started covering the stock on March 09, 2023. It rated BIGC as “a Neutral”.

Price Performance Review of BIGC

On Monday, BigCommerce Holdings Inc [NASDAQ:BIGC] saw its stock fall -2.28% to $5.14. Over the last five days, the stock has lost -5.17%. BigCommerce Holdings Inc shares have fallen nearly -47.17% since the year began. Nevertheless, the stocks have fallen -44.67% over the past one year. While a 52-week high of $10.29 was reached on 01/02/24, a 52-week low of $5.22 was recorded on 11/04/24. SMA at 50 days reached $5.72, while 200 days put it at $6.95.

Levels Of Support And Resistance For BIGC Stock

The 24-hour chart illustrates a support level at 5.07, which if violated will result in even more drops to 4.99. On the upside, there is a resistance level at 5.27. A further resistance level may holdings at 5.40. The Relative Strength Index (RSI) on the 14-day chart is 36.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.46%. Stochastics %K at 2.60% indicates the stock is a buying.

How much short interest is there in BigCommerce Holdings Inc?

A steep rise in short interest was recorded in BigCommerce Holdings Inc stocks on 2024-10-15, dropping by -0.37 million shares to a total of 8.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.5 million shares. There was a decline of -4.53%, which implies that there is a negative sentiment for the stock.

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