Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 8X8 Inc shares valued at $2,890 were sold by Kraus Kevin on Nov 15 ’24. At $2.89 per share, Kraus Kevin sold 1,000 shares. The insider’s holdings dropped to 472,275 shares worth approximately $1.34 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Seandel Suzy M sold 7,333 shares, netting a total of over 15,228 in proceeds. Following the sale of shares at $2.08 each, the insider now holds 319,798 shares.
Before that, Suzy Seandel had added 7,333 shares to its account. In a trade valued at $15,228, the Officer bought 8X8 Inc shares for $2.08 each.
As published in a research note from Morgan Stanley on June 14, 2024, 8X8 Inc [EGHT] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $2 from $3. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of August 09, 2023, Craig Hallum has decreased its “Buy” rating to a “Hold” for EGHT. Earlier on March 24, 2023, Rosenblatt initiated its rating. Their recommendation was “a Buy” for EGHT stock.
Analyzing EGHT Stock Performance
During the last five days, there has been a drop of approximately -1.39%. Over the course of the year, 8X8 Inc shares have dropped approximately -24.87%. Shares of the company reached a 52-week high of $3.80 on 01/02/24 and a 52-week low of $1.51 on 08/08/24. A 50-day SMA is recorded $2.20, while a 200-day SMA reached $2.39. Nevertheless, trading volume fell to 0.97 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for 8X8 Inc (EGHT)
According to the 24-hour chart, there is a support level at 2.71, which, if violated, would cause prices to drop to 2.57. In the upper region, resistance lies at 2.92. The next price resistance is at 2.99. RSI (Relative Strength Index) is 66.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 27.17%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
