Godaddy Inc’s filing revealed that its Chief Executive Officer Bhutani Amanpal Singh unloaded Company’s shares for reported $0.5 million on Nov 01 ’24. In the deal valued at $167.79 per share,3,000 shares were sold. As a result of this transaction, Bhutani Amanpal Singh now holds 345,956 shares worth roughly $63.35 million.
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Then, AMANPAL BHUTANI bought 3,000 shares, generating $503,370 in total proceeds.
Before that, Chen Roger sold 1,000 shares. Godaddy Inc shares valued at $164,160 were divested by the Chief Operating Officer at a price of $164.16 per share. As a result of the transaction, Chen Roger now holds 186,632 shares, worth roughly $34.18 million.
Piper Sandler downgraded its Godaddy Inc [GDDY] rating to a Neutral from a an Overweight in a research note published on September 23, 2024; the price target was increased to $172 from $160. 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. B. Riley Securities also remained covering GDDY and reiterated its “Buy” recommendation on July 12, 2024.
Price Performance Review of GDDY
On Monday, Godaddy Inc [NYSE:GDDY] saw its stock jump 2.97% to $183.13. Over the last five days, the stock has gained 10.65%. Godaddy Inc shares have risen nearly 72.50% since the year began. Nevertheless, the stocks have risen 111.03% over the past one year. While a 52-week high of $178.28 was reached on 11/11/24, a 52-week low of $86.11 was recorded on 01/05/24. SMA at 50 days reached $160.27, while 200 days put it at $139.51.
Levels Of Support And Resistance For GDDY Stock
The 24-hour chart illustrates a support level at 179.80, which if violated will result in even more drops to 176.47. On the upside, there is a resistance level at 185.42. A further resistance level may holdings at 187.71. The Relative Strength Index (RSI) on the 14-day chart is 79.29, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.99, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.07%. Stochastics %K at 96.67% indicates the stock is a selling.
How much short interest is there in Godaddy Inc?
A steep rise in short interest was recorded in Godaddy Inc stocks on 2024-10-15, dropping by -0.3 million shares to a total of 3.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.3 million shares. There was a decline of -10.0%, which implies that there is a negative sentiment for the stock.
