Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ibotta Inc shares valued at $1,130,422 were sold by Donahue Richard I. on Oct 28 ’24. At $75.36 per share, Donahue Richard I. sold 15,000 shares. The insider’s holdings dropped to 159,691 shares worth approximately $11.97 million following the completion of this transaction.
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Also, El Tabib Amir sold 2,500 shares, netting a total of over 187,500 in proceeds. Following the sale of shares at $75.00 each, the insider now holds 98,055 shares.
Before that, D. E. SHAW & CO, L.P. had added 6,046 shares to its account. In a trade valued at $453,686, the 10% Owner bought Ibotta Inc shares for $75.04 each. Upon closing the transaction, the insider’s holdings increased to 6,046 shares, worth approximately $154.73 million.
As published in a research note from Goldman on October 14, 2024, Ibotta Inc [IBTA] has been rated up from a Neutral to a Buy and the price target has been revised to $87. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in mid August. As of May 13, 2024, Wells Fargo has initiated its “an Overweight” rating for IBTA. Earlier on May 13, 2024, UBS initiated its rating. Their recommendation was “a Buy” for IBTA stock.
Analyzing IBTA Stock Performance
During the last five days, there has been a surge of approximately 5.56%. Over the course of the year, Ibotta Inc shares have dropped approximately -27.43%. Nevertheless, trading volume fell to 0.56 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Ibotta Inc (IBTA)
According to the 24-hour chart, there is a support level at 73.21, which, if violated, would cause prices to drop to 71.50. In the upper region, resistance lies at 78.22. The next price resistance is at 81.52. RSI (Relative Strength Index) is 59.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.43, which suggests the price will increase in the coming days. Percent R is at 42.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
