Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Godaddy Inc shares valued at $503,370 were sold by Bhutani Amanpal Singh on Nov 01 ’24. At $167.79 per share, Bhutani Amanpal Singh sold 3,000 shares. The insider’s holdings dropped to 345,956 shares worth approximately $61.34 million following the completion of this transaction.
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Also, AMANPAL BHUTANI purchased 3,000 shares, netting a total of over 503,370 in proceeds.
Before that, Chen Roger had sold 1,000 shares from its account. In a trade valued at $164,160, the Chief Operating Officer traded Godaddy Inc shares for $164.16 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $33.09 million.
As published in a research note from Piper Sandler on September 23, 2024, Godaddy Inc [GDDY] has been rated down from an Overweight to a Neutral and the price target has been revised to $172 from $160. Analysts at Cantor Fitzgerald started covering the stock with ‘”a Neutral”‘ outlook in a report released in early September. As of July 12, 2024, B. Riley Securities has reiterated its “Buy” rating for GDDY.
Analyzing GDDY Stock Performance
During the last five days, there has been a surge of approximately 6.30%. Over the course of the year, Godaddy Inc shares have jumped approximately 67.02%. Shares of the company reached a 52-week high of $177.77 on 11/07/24 and a 52-week low of $99.90 on 01/05/24. A 50-day SMA is recorded $159.70, while a 200-day SMA reached $138.78. Nevertheless, trading volume fell to 1.21 million shares from 1.87 million shares the previous day.
Support And Resistance Levels for Godaddy Inc (GDDY)
According to the 24-hour chart, there is a support level at 175.64, which, if violated, would cause prices to drop to 173.98. In the upper region, resistance lies at 178.37. The next price resistance is at 179.44. RSI (Relative Strength Index) is 74.59 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.53, which suggests the price will increase in the coming days. Percent R is at 2.55%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
