In a filing, Upwork Inc revealed its Officer DAVID BOTTOMS acquired Company’s shares for reported $0.17 million on Nov 08 ’24. In the deal valued at $16.25 per share,10,508 shares were bought.
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Then, HAYDEN BROWN bought 30,000 shares, generating $487,500 in total proceeds.
Before that, Marie Olivier sold 223 shares. Upwork Inc shares valued at $2,297 were divested by the Chief Accounting Officer at a price of $10.30 per share. As a result of the transaction, Marie Olivier now holds 10,447 shares, worth roughly $0.17 million.
A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. Jefferies also remained covering UPWK and has increased its forecast on January 08, 2024 with a “Buy” recommendation from previously “Hold” rating. UBS started covering the stock on October 04, 2023. It rated UPWK as “a Neutral”.
Price Performance Review of UPWK
On Monday, Upwork Inc [NASDAQ:UPWK] saw its stock fall -0.25% to $15.89. Over the last five days, the stock has gained 16.84%. Upwork Inc shares have risen nearly 6.86% since the year began. Nevertheless, the stocks have risen 19.12% over the past one year. While a 52-week high of $17.79 was reached on 11/07/24, a 52-week low of $8.43 was recorded on 08/08/24. SMA at 50 days reached $11.25, while 200 days put it at $11.56.
Levels Of Support And Resistance For UPWK Stock
The 24-hour chart illustrates a support level at 15.63, which if violated will result in even more drops to 15.38. On the upside, there is a resistance level at 16.26. A further resistance level may holdings at 16.63. The Relative Strength Index (RSI) on the 14-day chart is 78.72, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.69%. Stochastics %K at 75.36% indicates the stock is a holding.
How much short interest is there in Upwork Inc?
A steep rise in short interest was recorded in Upwork Inc stocks on 2024-10-15, dropping by -0.79 million shares to a total of 11.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.96 million shares. There was a decline of -7.04%, which implies that there is a negative sentiment for the stock.
