Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Five9 Inc shares valued at $521,392 were sold by Burkland Michael on Dec 03 ’24. At $41.40 per share, Burkland Michael sold 12,594 shares. The insider’s holdings dropped to 240,894 shares worth approximately $10.06 million following the completion of this transaction.
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Also, Barry Zwarenstein purchased 3,336 shares, netting a total of over 139,578 in proceeds.
Before that, Leena Mansharamani had added 271 shares to its account. In a trade valued at $11,380, the Officer bought Five9 Inc shares for $41.99 each.
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 0.38%. Over the course of the year, Five9 Inc shares have dropped approximately -46.92%. 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 $33.57, while a 200-day SMA reached $43.80. Nevertheless, trading volume fell to 0.95 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 41.00, which, if violated, would cause prices to drop to 40.22. In the upper region, resistance lies at 42.80. The next price resistance is at 43.83. RSI (Relative Strength Index) is 69.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.78, which suggests the price will increase in the coming days. Percent R is at 19.86%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
