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Monitoring Eventbrite Inc (EB) after recent insider movements

In a filing, Eventbrite Inc revealed its Officer Sagi Vivek acquired Company’s shares for reported $0.38 million on Nov 12 ’24. In the deal valued at $3.60 per share,104,587 shares were bought.

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Then, Baker Charles sold 20,000 shares, generating $60,626 in total proceeds. Upon selling the shares at $3.03, the COO & CFO now owns 628,152 shares.

Before that, CHARLES C BAKER bought 20,000 shares. Eventbrite Inc shares valued at $60,624 were divested by the Officer at a price of $3.03 per share.

Truist downgraded its Eventbrite Inc [EB] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “a Neutral”. KeyBanc Capital Markets also remained covering EB and has decreased its forecast on August 09, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. B. Riley Securities started covering the stock on December 08, 2023. It rated EB as “a Buy”.

Price Performance Review of EB

On Tuesday, Eventbrite Inc [NYSE:EB] saw its stock jump 1.68% to $3.64. Over the last five days, the stock has gained 7.37%. Eventbrite Inc shares have fallen nearly -56.46% since the year began. Nevertheless, the stocks have fallen -49.65% over the past one year. While a 52-week high of $9.20 was reached on 02/15/24, a 52-week low of $2.51 was recorded on 08/09/24. SMA at 50 days reached $2.99, while 200 days put it at $4.79.

Levels Of Support And Resistance For EB Stock

The 24-hour chart illustrates a support level at 3.51, which if violated will result in even more drops to 3.39. On the upside, there is a resistance level at 3.73. A further resistance level may holdings at 3.82. The Relative Strength Index (RSI) on the 14-day chart is 73.69, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.85%. Stochastics %K at 66.01% indicates the stock is a holding.

How much short interest is there in Eventbrite Inc?

A steep rise in short interest was recorded in Eventbrite Inc stocks on 2024-10-15, dropping by -1.39 million shares to a total of 6.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.02 million shares. There was a decline of -20.91%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on November 27, 2023 when BWS Financial began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.

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