Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Expensify Inc shares valued at $24,750 were purchased by RYAN SCHAFFER on Nov 08 ’24. At $1.98 per share, RYAN SCHAFFER acquired 12,500 shares.
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Also, Muralidharan Anuradha sold 2,928 shares, netting a total of over 6,676 in proceeds. Following the sale of shares at $2.28 each, the insider now holds 38,850 shares.
Before that, Muralidharan Anuradha had sold 198 shares from its account. In a trade valued at $449, the Chief Operating Officer traded Expensify Inc shares for $2.27 each. Upon closing the transaction, the insider’s holdings decreased to 198 shares, worth approximately $0.11 million.
As published in a research note from JMP Securities on August 09, 2024, Expensify Inc [EXFY] has been rated up from a Mkt perform to a Mkt outperform and the price target has been revised to $2.50. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late May. As of September 15, 2023, JP Morgan has initiated its “an Underweight” rating for EXFY. Earlier on August 09, 2023, Loop Capital downgraded its rating. Their new recommendation was “a Hold” for EXFY stock which previously was a “a Buy”.
Analyzing EXFY Stock Performance
During the last five days, there has been a surge of approximately 46.35%. Over the course of the year, Expensify Inc shares have jumped approximately 13.77%. Shares of the company reached a 52-week high of $2.99 on 11/11/24 and a 52-week low of $1.24 on 06/14/24. A 50-day SMA is recorded $2.06, while a 200-day SMA reached $1.86. Nevertheless, trading volume fell to 0.72 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Expensify Inc (EXFY)
According to the 24-hour chart, there is a support level at 2.72, which, if violated, would cause prices to drop to 2.63. In the upper region, resistance lies at 2.91. The next price resistance is at 3.01. RSI (Relative Strength Index) is 80.16 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.69, which suggests the price will decrease in the coming days. Percent R is at 14.29%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.