In a filing, Upwork Inc revealed its Chief Accounting Officer Marie Olivier unloaded Company’s shares for reported $24577.0 on Nov 19 ’24. In the deal valued at $14.90 per share,1,649 shares were sold. As a result of this transaction, Marie Olivier now holds 1,294 shares worth roughly $21959.18.
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Then, Marie Olivier sold 978 shares, generating $14,796 in total proceeds. Upon selling the shares at $15.13, the Chief Accounting Officer now owns 2,943 shares.
Before that, Gessert Erica sold 19,816 shares. Upwork Inc shares valued at $299,796 were divested by the Chief Financial Officer at a price of $15.13 per share. As a result of the transaction, Gessert Erica now holds 128,939 shares, worth roughly $2.19 million.
A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in early May from “a Neutral” to “a Buy”. Jefferies also remained covering UPWK and has increased its forecast on January 08, 2024 with a “Buy” recommendation from previously “Hold” rating. UBS started covering the stock on October 04, 2023. It rated UPWK as “a Neutral”.
Price Performance Review of UPWK
On Friday, Upwork Inc [NASDAQ:UPWK] saw its stock jump 0.38% to $16.97. Over the last five days, the stock has gained 10.34%. Upwork Inc shares have risen nearly 14.12% since the year began. Nevertheless, the stocks have risen 19.00% over the past one year. While a 52-week high of $17.79 was reached on 11/07/24, a 52-week low of $8.43 was recorded on 08/08/24. SMA at 50 days reached $12.81, while 200 days put it at $11.66.
Levels Of Support And Resistance For UPWK Stock
The 24-hour chart illustrates a support level at 16.82, which if violated will result in even more drops to 16.67. On the upside, there is a resistance level at 17.11. A further resistance level may holdings at 17.25. The Relative Strength Index (RSI) on the 14-day chart is 76.67, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.39%. Stochastics %K at 94.37% indicates the stock is a selling.
How much short interest is there in Upwork Inc?
A steep rise in short interest was recorded in Upwork Inc stocks on 2024-11-15, dropping by -0.34 million shares to a total of 10.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 11.17 million shares. There was a decline of -3.17%, which implies that there is a negative sentiment for the stock.
