Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Five9 Inc shares valued at $118,893 were sold by ZWARENSTEIN BARRY on Sep 10 ’24. At $26.97 per share, ZWARENSTEIN BARRY sold 4,408 shares. The insider’s holdings dropped to 101,732 shares worth approximately $4.23 million following the completion of this transaction.
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Also, Barry Zwarenstein purchased 4,408 shares, netting a total of over 122,763 in proceeds.
Before that, Mansharamani Leena had sold 1,395 shares from its account. In a trade valued at $42,558, the SVP, Chief Accounting Officer traded Five9 Inc shares for $30.51 each. Upon closing the transaction, the insider’s holdings decreased to 1,395 shares, worth approximately $1.53 million.
As published in a research note from Wells Fargo on November 12, 2024, Five9 Inc [FIVN] has been rated down from an Overweight to an Equal weight and the price target has been revised to $40 from $55. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of August 05, 2024, BofA Securities has increased its “an Underperform” rating to a “Buy” for FIVN. Earlier on March 15, 2024, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for FIVN stock.
Analyzing FIVN Stock Performance
During the last five days, there has been a surge of approximately 9.50%. Over the course of the year, Five9 Inc shares have dropped approximately -47.12%. Shares of the company reached a 52-week high of $81.24 on 01/22/24 and a 52-week low of $26.60 on 09/10/24. A 50-day SMA is recorded $32.18, while a 200-day SMA reached $44.59. Nevertheless, trading volume fell to 1.15 million shares from 2.66 million shares the previous day.
Support And Resistance Levels for Five9 Inc (FIVN)
According to the 24-hour chart, there is a support level at 40.81, which, if violated, would cause prices to drop to 40.01. In the upper region, resistance lies at 42.18. The next price resistance is at 42.75. RSI (Relative Strength Index) is 74.00 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.00, which suggests the price will increase in the coming days. Percent R is at 12.62%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
