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GDDY (Godaddy Inc) may reap gains as insiders became active recently

In a filing, Godaddy Inc revealed its Chief Accounting Officer Palitwanon Phontip unloaded Company’s shares for reported $0.15 million on Dec 03 ’24. In the deal valued at $196.64 per share,770 shares were sold. As a result of this transaction, Palitwanon Phontip now holds 23,059 shares worth roughly $4.69 million.

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Then, McCaffrey Mark sold 2,678 shares, generating $526,590 in total proceeds. Upon selling the shares at $196.64, the Chief Financial Officer now owns 89,800 shares.

Before that, Bhutani Amanpal Singh sold 6,803 shares. Godaddy Inc shares valued at $1,337,712 were divested by the Chief Executive Officer at a price of $196.64 per share. As a result of the transaction, Bhutani Amanpal Singh now holds 336,153 shares, worth roughly $68.37 million.

Piper Sandler downgraded its Godaddy Inc [GDDY] rating to a Neutral from a an Overweight in a research note published on September 23, 2024; the price target was increased to $172 from $160. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. B. Riley Securities also remained covering GDDY and reiterated its “Buy” recommendation on July 12, 2024.

Price Performance Review of GDDY

On Monday, Godaddy Inc [NYSE:GDDY] saw its stock fall -1.53% to $203.39. Over the last five days, the stock has gained 2.92%. Godaddy Inc shares have risen nearly 91.59% since the year began. Nevertheless, the stocks have risen 95.81% over the past one year. While a 52-week high of $210.30 was reached on 12/05/24, a 52-week low of $99.90 was recorded on 01/05/24. SMA at 50 days reached $175.61, while 200 days put it at $147.56.

Levels Of Support And Resistance For GDDY Stock

The 24-hour chart illustrates a support level at 200.74, which if violated will result in even more drops to 198.10. On the upside, there is a resistance level at 206.22. A further resistance level may holdings at 209.05. The Relative Strength Index (RSI) on the 14-day chart is 70.99, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.74%. Stochastics %K at 85.00% indicates the stock is a selling.

How much short interest is there in Godaddy Inc?

A steep rise in short interest was recorded in Godaddy Inc stocks on 2024-11-15, dropping by 92328.0 shares to a total of 2.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.0 million shares. There was a decline of -3.18%, which implies that there is a negative sentiment for the stock.

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