Udemy Inc’s recent filing unveils that its Officer VELAYUDHAN PILLAI VENUGOPAL acquired Company’s shares for reported $0.31 million on Nov 13 ’24. In the deal valued at $8.50 per share,36,321 shares were bought.
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Then, VELAYUDHAN PILLAI VENUGOPAL bought 6,700 shares, generating $58,326 in total proceeds.
Before that, Bali Eren sold 35,518 shares. Udemy Inc shares valued at $319,666 were divested by the Chief Technology Officer at a price of $9.00 per share. As a result of the transaction, Bali Eren now holds 2,225,532 shares, worth roughly $18.81 million.
Morgan Stanley downgraded its Udemy Inc [UDMY] rating to an Underweight from a an Equal-weight in a research note published on September 27, 2024; the price target was decreased to $7.50 from $10. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in early August with a ‘”a Buy”‘ rating. BofA Securities also remained covering UDMY and has decreased its forecast on August 01, 2024 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of UDMY
On Tuesday, Udemy Inc [NASDAQ:UDMY] saw its stock fall -1.86% to $8.45. Over the last five days, the stock has gained 4.32%. Udemy Inc shares have fallen nearly -42.63% since the year began. Nevertheless, the stocks have fallen -42.91% over the past one year. While a 52-week high of $16.01 was reached on 02/12/24, a 52-week low of $6.67 was recorded on 08/05/24. SMA at 50 days reached $7.99, while 200 days put it at $8.91.
Levels Of Support And Resistance For UDMY Stock
The 24-hour chart illustrates a support level at 8.40, which if violated will result in even more drops to 8.35. On the upside, there is a resistance level at 8.54. A further resistance level may holdings at 8.63. The Relative Strength Index (RSI) on the 14-day chart is 57.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.62%. Stochastics %K at 75.18% indicates the stock is a holding.
How much short interest is there in Udemy Inc?
A steep rise in short interest was recorded in Udemy Inc stocks on 2024-11-15, dropping by -0.26 million shares to a total of 7.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.43 million shares. There was a decline of -3.67%, which implies that there is a negative sentiment for the stock.
