Upwork Inc’s recently made public that its Officer ERICA GESSERT acquired Company’s shares for reported $0.3 million on Nov 18 ’24. In the deal valued at $15.13 per share,19,816 shares were bought.
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Then, DAVID BOTTOMS bought 1,396 shares, generating $21,120 in total proceeds.
Before that, HAYDEN BROWN bought 30,672 shares. Upwork Inc shares valued at $464,037 were divested by the Officer at a price of $15.13 per share.
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 jump 1.34% to $15.11. Over the last five days, the stock has lost -4.91%. Upwork Inc shares have risen nearly 1.61% since the year began. Nevertheless, the stocks have risen 7.09% 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 $11.83, while 200 days put it at $11.59.
Levels Of Support And Resistance For UPWK Stock
The 24-hour chart illustrates a support level at 14.86, which if violated will result in even more drops to 14.62. On the upside, there is a resistance level at 15.30. A further resistance level may holdings at 15.50. The Relative Strength Index (RSI) on the 14-day chart is 66.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.61%. Stochastics %K at 45.23% 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 2024-10-31, dropping by -1.05 million shares to a total of 11.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 12.31 million shares. There was a decline of -9.36%, which implies that there is a negative sentiment for the stock.
