The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Etsy Inc shares valued at $81,900 were sold by Daniel Nicholas on Dec 02 ’24. At $54.60 per share, Daniel Nicholas sold 1,500 shares. The insider’s holdings dropped to 22,871 shares worth approximately $1.35 million following the completion of this transaction.
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Also, Daniel Nicholas purchased 1,500 shares, netting a total of over 81,780 in proceeds.
Before that, Blow Marla J had sold 450 shares from its account. In a trade valued at $23,240, the Director traded Etsy Inc shares for $51.64 each. Upon closing the transaction, the insider’s holdings decreased to 450 shares, worth approximately $0.34 million.
Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid October. As of September 05, 2024, Cantor Fitzgerald has initiated its “Neutral” rating for ETSY.
Analyzing ETSY Stock Performance
During the last five days, there has been a surge of approximately 7.81%. Over the course of the year, Etsy Inc shares have dropped approximately -27.13%. Shares of the company reached a 52-week high of $82.84 on 01/02/24 and a 52-week low of $47.10 on 10/30/24. A 50-day SMA is recorded $52.20, while a 200-day SMA reached $59.63. Nevertheless, trading volume fell to 4.36 million shares from 61902.0 shares the previous day.
Support And Resistance Levels for Etsy Inc (ETSY)
According to the 24-hour chart, there is a support level at 57.72, which, if violated, would cause prices to drop to 56.39. In the upper region, resistance lies at 60.19. The next price resistance is at 61.33. RSI (Relative Strength Index) is 71.06 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.81, which suggests the price will increase in the coming days. Percent R is at 8.27%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
