Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Upwork Inc shares valued at $255,000 were sold by Brown Hayden on Nov 27 ’24. At $17.00 per share, Brown Hayden sold 15,000 shares. The insider’s holdings dropped to 1,181,221 shares worth approximately $20.61 million following the completion of this transaction.
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Also, Marie Olivier sold 1,649 shares, netting a total of over 24,577 in proceeds. Following the sale of shares at $14.90 each, the insider now holds 1,294 shares.
Before that, Marie Olivier had sold 978 shares from its account. In a trade valued at $14,796, the Chief Accounting Officer traded Upwork Inc shares for $15.13 each. Upon closing the transaction, the insider’s holdings decreased to 978 shares, worth approximately $51355.35.
Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of January 08, 2024, Jefferies has increased its “Hold” rating to a “Buy” for UPWK. Earlier on October 04, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for UPWK stock.
Analyzing UPWK Stock Performance
During the last five days, there has been a surge of approximately 3.68%. Over the course of the year, Upwork Inc shares have jumped approximately 17.35%. Shares of the company reached a 52-week high of $17.79 on 11/07/24 and a 52-week low of $8.43 on 08/08/24. A 50-day SMA is recorded $13.21, while a 200-day SMA reached $11.72. Nevertheless, trading volume fell to 2.18 million shares from 2.87 million shares the previous day.
Support And Resistance Levels for Upwork Inc (UPWK)
According to the 24-hour chart, there is a support level at 17.25, which, if violated, would cause prices to drop to 17.05. In the upper region, resistance lies at 17.65. The next price resistance is at 17.86. RSI (Relative Strength Index) is 79.19 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.24, which suggests the price will increase in the coming days. Percent R is at 6.91%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
