Shopify Inc’s recently made public that its Director FIDJI SIMO acquired Company’s shares for reported $54540.0 on Nov 15 ’24. In the deal valued at $109.08 per share,500 shares were bought.
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Then, Colleen Johnston bought 2,000 shares, generating $217,840 in total proceeds.
Before that, KASRA NEJATIAN bought 31,250 shares. Shopify Inc shares valued at $3,437,019 were divested by the Officer at a price of $109.98 per share.
DZ Bank downgraded its Shopify Inc [SHOP] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who increased its forecast for the stock in mid September from “a Neutral” to “a Buy”. Cantor Fitzgerald began covering SHOP with “Neutral” recommendation on September 05, 2024. DZ Bank revised its rating on August 09, 2024. It rated SHOP as “a Sell” which previously was an “a Hold”.
Price Performance Review of SHOP
On Tuesday, Shopify Inc [NYSE:SHOP] saw its stock jump 0.97% to $112.08. Over the last five days, the stock has gained 7.16%. Shopify Inc shares have risen nearly 43.88% since the year began. Nevertheless, the stocks have risen 51.89% over the past one year. While a 52-week high of $115.62 was reached on 11/13/24, a 52-week low of $48.56 was recorded on 08/05/24. SMA at 50 days reached $87.01, while 200 days put it at $73.58.
Levels Of Support And Resistance For SHOP Stock
The 24-hour chart illustrates a support level at 109.47, which if violated will result in even more drops to 106.87. On the upside, there is a resistance level at 114.29. A further resistance level may holdings at 116.51. The Relative Strength Index (RSI) on the 14-day chart is 74.28, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.56%. Stochastics %K at 84.42% indicates the stock is a selling.
How much short interest is there in Shopify Inc?
A steep rise in short interest was recorded in Shopify Inc stocks on 2024-11-15, dropping by -4.55 million shares to a total of 17.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 21.62 million shares. There was a decline of -26.65%, which implies that there is a negative sentiment for the stock.
