In a filing, Shopify Inc revealed its Director FIDJI SIMO acquired Company’s shares for reported $41840.0 on Oct 15 ’24. In the deal valued at $83.68 per share,500 shares were bought.
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Then, Robert Ashe bought 80,000 shares, generating $6,297,600 in total proceeds.
Before that, Harley Finkelstein bought 10,500 shares. Shopify Inc shares valued at $748,755 were divested by the Officer at a price of $71.31 per share.
Redburn Atlantic upgraded its Shopify Inc [SHOP] rating to a Buy from a a Neutral in a research note published recently. 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. DZ Bank also remained covering SHOP and has decreased its forecast on August 09, 2024 with a “Sell” recommendation from previously “Hold” rating.
Price Performance Review of SHOP
On Tuesday, Shopify Inc [NYSE:SHOP] saw its stock jump 1.44% to $79.57. Over the last five days, the stock has lost -1.02%. Shopify Inc shares have risen nearly 2.14% since the year began. Nevertheless, the stocks have risen 29.45% over the past one year. While a 52-week high of $91.57 was reached on 02/12/24, a 52-week low of $48.56 was recorded on 08/05/24. SMA at 50 days reached $77.72, while 200 days put it at $72.12.
Levels Of Support And Resistance For SHOP Stock
The 24-hour chart illustrates a support level at 78.52, which if violated will result in even more drops to 77.47. On the upside, there is a resistance level at 80.33. A further resistance level may holdings at 81.09. The Relative Strength Index (RSI) on the 14-day chart is 50.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.07%. Stochastics %K at 29.86% indicates the stock is a holding.
How much short interest is there in Shopify Inc?
A steep rise in short interest was recorded in Shopify Inc stocks on 2024-10-15, growing by 0.2 million shares to a total of 21.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 21.42 million shares. There was a rise of 0.94%, which implies that there is a positive sentiment for the stock.
