Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Upwork Inc shares valued at $24,577 were sold by Marie Olivier on Nov 19 ’24. At $14.90 per share, Marie Olivier sold 1,649 shares. The insider’s holdings dropped to 1,294 shares worth approximately $19901.72 following the completion of this transaction.
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Also, Marie Olivier sold 978 shares, netting a total of over 14,796 in proceeds. Following the sale of shares at $15.13 each, the insider now holds 2,943 shares.
Before that, Gessert Erica had sold 19,816 shares from its account. In a trade valued at $299,796, the Chief Financial Officer traded Upwork Inc shares for $15.13 each. Upon closing the transaction, the insider’s holdings decreased to 19,816 shares, worth approximately $1.98 million.
Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of January 08, 2024, Jefferies has increased its “Hold” rating to a “Buy” for UPWK. Earlier on October 04, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for UPWK stock.
Analyzing UPWK Stock Performance
During the last five days, there has been a surge of approximately 1.85%. Over the course of the year, Upwork Inc shares have jumped approximately 3.43%. Shares of the company reached a 52-week high of $17.79 on 11/07/24 and a 52-week low of $8.43 on 08/08/24. A 50-day SMA is recorded $12.18, while a 200-day SMA reached $11.60. Nevertheless, trading volume fell to 2.07 million shares from 1.3 million shares the previous day.
Support And Resistance Levels for Upwork Inc (UPWK)
According to the 24-hour chart, there is a support level at 14.97, which, if violated, would cause prices to drop to 14.56. In the upper region, resistance lies at 15.59. The next price resistance is at 15.80. RSI (Relative Strength Index) is 67.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 56.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
