Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Etsy Inc shares valued at $46,071 were purchased by Blow Marla J on Nov 21 ’24. At $51.19 per share, Blow Marla J acquired 900 shares.
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Also, Daniel Nicholas sold 750 shares, netting a total of over 39,371 in proceeds. Following the sale of shares at $52.50 each, the insider now holds 24,371 shares.
Before that, Daniel Nicholas had added 750 shares to its account. In a trade valued at $38,235, the Officer bought Etsy Inc shares for $50.98 each.
Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid October. As of September 05, 2024, Cantor Fitzgerald has initiated its “Neutral” rating for ETSY.
Analyzing ETSY Stock Performance
During the last five days, there has been a surge of approximately 1.86%. Over the course of the year, Etsy Inc shares have dropped approximately -35.85%. Shares of the company reached a 52-week high of $82.84 on 01/02/24 and a 52-week low of $47.10 on 10/30/24. A 50-day SMA is recorded $52.03, while a 200-day SMA reached $60.47. Nevertheless, trading volume fell to 2.34 million shares from 2.23 million shares the previous day.
Support And Resistance Levels for Etsy Inc (ETSY)
According to the 24-hour chart, there is a support level at 51.01, which, if violated, would cause prices to drop to 50.03. In the upper region, resistance lies at 52.58. The next price resistance is at 53.17. RSI (Relative Strength Index) is 51.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.11, which suggests the price will decrease in the coming days. Percent R is at 53.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
