Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SPS Commerce Inc shares valued at $1,160,516 were sold by Collins Chadwick on Nov 05 ’24. At $169.69 per share, Collins Chadwick sold 6,839 shares. The insider’s holdings dropped to 54,446 shares worth approximately $10.48 million following the completion of this transaction.
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Also, CHADWICK COLLINS purchased 6,839 shares, netting a total of over 1,143,481 in proceeds.
Before that, Nelson Kimberly K. had sold 3,000 shares from its account. In a trade valued at $588,374, the EVP & CFO traded SPS Commerce Inc shares for $196.12 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $28.31 million.
As published in their initiating research note from Piper Sandler on November 25, 2024, SPS Commerce Inc [SPSC] has been a Neutral and the price target has been revised to $198. Analysts at Northland Capital downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late July. As of May 14, 2024, Redburn Atlantic has initiated its “Buy” rating for SPSC. Earlier on March 13, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for SPSC stock.
Analyzing SPSC Stock Performance
During the last five days, there has been a surge of approximately 7.06%. Over the course of the year, SPS Commerce Inc shares have dropped approximately -0.66%. Shares of the company reached a 52-week high of $218.74 on 02/09/24 and a 52-week low of $160.58 on 04/18/24. A 50-day SMA is recorded $186.66, while a 200-day SMA reached $187.99. Nevertheless, trading volume fell to 0.16 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for SPS Commerce Inc (SPSC)
According to the 24-hour chart, there is a support level at 189.87, which, if violated, would cause prices to drop to 187.17. In the upper region, resistance lies at 195.07. The next price resistance is at 197.56. RSI (Relative Strength Index) is 61.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.05, which suggests the price will increase in the coming days. Percent R is at 21.05%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
