Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Grid Dynamics Holdings Inc shares valued at $90,000 were sold by Livschitz Leonard on Nov 22 ’24. At $18.00 per share, Livschitz Leonard sold 5,000 shares. The insider’s holdings dropped to 3,385,901 shares worth approximately $64.37 million following the completion of this transaction.
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Also, LEONARD LIVSCHITZ purchased 5,000 shares, netting a total of over 90,000 in proceeds.
Before that, BGV OPPORTUNITY FUND, L.P. had added 79,226 shares to its account. In a trade valued at $1,384,300, the Director bought Grid Dynamics Holdings Inc shares for $17.47 each.
As published in a research note from TD Cowen on August 02, 2024, Grid Dynamics Holdings Inc [GDYN] has been rated up from a Hold to a Buy and the price target has been revised to $16 from $12. Analysts at Wedbush started covering the stock with ‘”an Outperform”‘ outlook in a report released in late May. As of March 04, 2022, Needham has reiterated its “Buy” rating for GDYN. Earlier on November 01, 2021, Citigroup initiated its rating. Their recommendation was “a Buy” for GDYN stock.
Analyzing GDYN Stock Performance
During the last five days, there has been a surge of approximately 13.09%. Over the course of the year, Grid Dynamics Holdings Inc shares have jumped approximately 42.61%. Shares of the company reached a 52-week high of $19.86 on 11/12/24 and a 52-week low of $9.07 on 06/04/24. A 50-day SMA is recorded $15.80, while a 200-day SMA reached $12.80. Nevertheless, trading volume fell to 0.81 million shares from 0.94 million shares the previous day.
Support And Resistance Levels for Grid Dynamics Holdings Inc (GDYN)
According to the 24-hour chart, there is a support level at 18.71, which, if violated, would cause prices to drop to 18.40. In the upper region, resistance lies at 19.37. The next price resistance is at 19.73. RSI (Relative Strength Index) is 64.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.15, which suggests the price will increase in the coming days. Percent R is at 20.09%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
