Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Expensify Inc shares valued at $6,676 were sold by Muralidharan Anuradha on Sep 16 ’24. At $2.28 per share, Muralidharan Anuradha sold 2,928 shares. The insider’s holdings dropped to 38,850 shares worth approximately $74592.0 following the completion of this transaction.
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Also, Muralidharan Anuradha sold 198 shares, netting a total of over 449 in proceeds. Following the sale of shares at $2.27 each, the insider now holds 39,090 shares.
Before that, Mills Jason Fahr had sold 2,862 shares from its account. In a trade valued at $6,497, the Director traded Expensify Inc shares for $2.27 each. Upon closing the transaction, the insider’s holdings decreased to 2,862 shares, worth approximately $0.61 million.
As published in a research note from JMP Securities on August 09, 2024, Expensify Inc [EXFY] has been rated up from a Mkt perform to a Mkt outperform and the price target has been revised to $2.50. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late May. As of September 15, 2023, JP Morgan has initiated its “an Underweight” rating for EXFY. Earlier on August 09, 2023, Loop Capital downgraded its rating. Their new recommendation was “a Hold” for EXFY stock which previously was a “a Buy”.
Analyzing EXFY Stock Performance
During the last five days, there has been a drop of approximately -2.04%. Over the course of the year, Expensify Inc shares have dropped approximately -22.27%. Shares of the company reached a 52-week high of $2.6140 on 09/10/24 and a 52-week low of $1.2400 on 06/14/24. A 50-day SMA is recorded $2.0292, while a 200-day SMA reached $1.8356. Nevertheless, trading volume fell to 0.57 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for Expensify Inc (EXFY)
According to the 24-hour chart, there is a support level at 1.8633, which, if violated, would cause prices to drop to 1.8067. In the upper region, resistance lies at 1.9733. The next price resistance is at 2.0267. RSI (Relative Strength Index) is 52.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0665, which suggests the price will decrease in the coming days. Percent R is at 18.92%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
