Five9 Inc’s filing revealed that its Chief Financial Officer ZWARENSTEIN BARRY unloaded Company’s shares for reported $0.12 million on Sep 10 ’24. In the deal valued at $26.97 per share,4,408 shares were sold. As a result of this transaction, ZWARENSTEIN BARRY now holds 101,732 shares worth roughly $4.1 million.
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Then, Barry Zwarenstein bought 4,408 shares, generating $122,763 in total proceeds.
Before that, Mansharamani Leena sold 1,395 shares. Five9 Inc shares valued at $42,558 were divested by the SVP, Chief Accounting Officer at a price of $30.51 per share. As a result of the transaction, Mansharamani Leena now holds 36,872 shares, worth roughly $1.49 million.
Wells Fargo downgraded its Five9 Inc [FIVN] rating to an Equal weight from a an Overweight in a research note published on November 12, 2024; the price target was decreased to $40 from $55. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Neutral”. BofA Securities also remained covering FIVN and has increased its forecast on August 05, 2024 with a “Buy” recommendation from previously “an Underperform” rating. RBC Capital Mkts started covering the stock on March 15, 2024. It rated FIVN as “an Outperform”.
Price Performance Review of FIVN
On Friday, Five9 Inc [NASDAQ:FIVN] saw its stock jump 4.84% to $40.32. Over the last five days, the stock has gained 5.91%. Five9 Inc shares have fallen nearly -48.76% since the year began. Nevertheless, the stocks have fallen -46.05% over the past one year. While a 52-week high of $92.40 was reached on 01/22/24, a 52-week low of $26.60 was recorded on 09/10/24. SMA at 50 days reached $31.43, while 200 days put it at $45.13.
Levels Of Support And Resistance For FIVN Stock
The 24-hour chart illustrates a support level at 39.12, which if violated will result in even more drops to 37.91. On the upside, there is a resistance level at 40.99. A further resistance level may holdings at 41.65. The Relative Strength Index (RSI) on the 14-day chart is 71.44, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.24%. Stochastics %K at 83.71% indicates the stock is a selling.
How much short interest is there in Five9 Inc?
A steep rise in short interest was recorded in Five9 Inc stocks on 2024-10-31, growing by 0.97 million shares to a total of 8.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.61 million shares. There was a rise of 11.28%, which implies that there is a positive sentiment for the stock.
