Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Five9 Inc shares valued at $118,893 were sold by ZWARENSTEIN BARRY on Sep 10 ’24. At $26.97 per share, ZWARENSTEIN BARRY sold 4,408 shares. The insider’s holdings dropped to 101,732 shares worth approximately $3.34 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Barry Zwarenstein purchased 4,408 shares, netting a total of over 122,763 in proceeds.
Before that, Mansharamani Leena had sold 1,395 shares from its account. In a trade valued at $42,558, the SVP, Chief Accounting Officer traded Five9 Inc shares for $30.51 each. Upon closing the transaction, the insider’s holdings decreased to 1,395 shares, worth approximately $1.21 million.
As published in a research note from Robert W. Baird on August 09, 2024, Five9 Inc [FIVN] has been rated down from an Outperform to a Neutral and the price target has been revised to $40 from $90. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of March 15, 2024, RBC Capital Mkts has initiated its “an Outperform” rating for FIVN. Earlier on September 21, 2023, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for FIVN stock which previously was a “a Hold”.
Analyzing FIVN Stock Performance
During the last five days, there has been a surge of approximately 11.11%. Over the course of the year, Five9 Inc shares have dropped approximately -58.30%. Shares of the company reached a 52-week high of $81.24 on 01/22/24 and a 52-week low of $26.60 on 09/10/24. A 50-day SMA is recorded $29.39, while a 200-day SMA reached $47.18. Nevertheless, trading volume fell to 3.5 million shares from 1.62 million shares the previous day.
Support And Resistance Levels for Five9 Inc (FIVN)
According to the 24-hour chart, there is a support level at 31.80, which, if violated, would cause prices to drop to 30.79. In the upper region, resistance lies at 33.63. The next price resistance is at 34.44. RSI (Relative Strength Index) is 65.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.19, which suggests the price will increase in the coming days. Percent R is at 14.83%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
