Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Klaviyo Inc shares valued at $1,590,283 were purchased by Chaves Allen on Nov 13 ’24. At $37.10 per share, Chaves Allen acquired 42,867 shares.
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Also, Chaves Allen purchased 150,000 shares, netting a total of over 5,464,864 in proceeds.
Before that, Chaves Allen had added 150,000 shares to its account. In a trade valued at $5,037,900, the Officer bought Klaviyo Inc shares for $33.59 each.
As published in their initiating research note from Macquarie on October 31, 2024, Klaviyo Inc [KVYO] has been a Neutral and the price target has been revised to $36. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of October 16, 2024, Wells Fargo has initiated its “an Equal weight” rating for KVYO. Earlier on September 30, 2024, The Benchmark Company initiated its rating. Their recommendation was “a Buy” for KVYO stock.
Analyzing KVYO Stock Performance
During the last five days, there has been a drop of approximately -9.14%. Over the course of the year, Klaviyo Inc shares have jumped approximately 32.00%. Shares of the company reached a 52-week high of $41.00 on 11/06/24 and a 52-week low of $21.26 on 06/21/24. A 50-day SMA is recorded $35.53, while a 200-day SMA reached $28.14. Nevertheless, trading volume fell to 2.04 million shares from 2.41 million shares the previous day.
Support And Resistance Levels for Klaviyo Inc (KVYO)
According to the 24-hour chart, there is a support level at 35.40, which, if violated, would cause prices to drop to 34.12. In the upper region, resistance lies at 37.61. The next price resistance is at 38.54. RSI (Relative Strength Index) is 49.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.64, which suggests the price will decrease in the coming days. Percent R is at 48.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
