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. Guidewire Software Inc shares valued at $266,922 were sold by Mullen John P on Nov 20 ’24. At $197.72 per share, Mullen John P sold 1,350 shares. The insider’s holdings dropped to 189,261 shares worth approximately $39.1 million following the completion of this transaction.
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Also, JOHN MULLEN purchased 1,350 shares, netting a total of over 266,922 in proceeds.
Before that, Mullen John P had sold 1,350 shares from its account. In a trade valued at $253,368, the President traded Guidewire Software Inc shares for $187.68 each. Upon closing the transaction, the insider’s holdings decreased to 1,350 shares, worth approximately $39.37 million.
As published in their initiating research note from Raymond James on February 01, 2024, Guidewire Software Inc [GWRE] has been an Outperform and the price target has been revised to $125. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of December 08, 2023, Oppenheimer has reiterated its “an Outperform” rating for GWRE. Earlier on November 14, 2023, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for GWRE stock which previously was a “a Neutral”.
Analyzing GWRE Stock Performance
During the last five days, there has been a surge of approximately 2.32%. Over the course of the year, Guidewire Software Inc shares have jumped approximately 89.44%. Shares of the company reached a 52-week high of $209.15 on 12/05/24 and a 52-week low of $102.66 on 01/05/24. A 50-day SMA is recorded $191.11, while a 200-day SMA reached $146.69. Nevertheless, trading volume fell to 1.46 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Guidewire Software Inc (GWRE)
According to the 24-hour chart, there is a support level at 203.75, which, if violated, would cause prices to drop to 200.93. In the upper region, resistance lies at 209.27. The next price resistance is at 211.96. RSI (Relative Strength Index) is 70.74 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.97, which suggests the price will increase in the coming days. Percent R is at 14.36%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
