In a filing, 8X8 Inc revealed its Officer KEVIN KRAUS acquired Company’s shares for reported $7875.0 on Dec 16 ’24. In the deal valued at $2.62 per share,3,000 shares were bought.
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Then, Burton Andrew F. sold 1,980 shares, generating $6,224 in total proceeds. Upon selling the shares at $3.14, the Director now owns 133,309 shares.
Before that, ANDREW BURTON bought 1,980 shares. 8X8 Inc shares valued at $6,217 were divested by the Director at a price of $3.14 per share.
Mizuho downgraded its 8X8 Inc [EGHT] rating to an Underperform from a a Neutral in a research note published on December 13, 2024; the price target was decreased to $2.50 from $2.75. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid June from “an Equal-weight” to “an Underweight”. Craig Hallum also remained covering EGHT and has increased its forecast on November 02, 2023 with a “Buy” recommendation from previously “Hold” rating. Craig Hallum revised its rating on August 09, 2023. It rated EGHT as “a Hold” which previously was an “a Buy”.
Price Performance Review of EGHT
On Monday, 8X8 Inc [NASDAQ:EGHT] saw its stock jump 1.90% to $2.67. Over the last five days, the stock has lost -15.35%. 8X8 Inc shares have fallen nearly -29.23% since the year began. Nevertheless, the stocks have fallen -28.67% over the past one year. While a 52-week high of $3.92 was reached on 01/02/24, a 52-week low of $1.51 was recorded on 08/08/24. SMA at 50 days reached $2.58, while 200 days put it at $2.42.
Levels Of Support And Resistance For EGHT Stock
The 24-hour chart illustrates a support level at 2.60, which if violated will result in even more drops to 2.53. On the upside, there is a resistance level at 2.73. A further resistance level may holdings at 2.78. The Relative Strength Index (RSI) on the 14-day chart is 41.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.18%. Stochastics %K at 31.48% indicates the stock is a holding.
How much short interest is there in 8X8 Inc?
A steep rise in short interest was recorded in 8X8 Inc stocks on 2024-11-29, dropping by -1.39 million shares to a total of 7.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 8.89 million shares. There was a decline of -18.5%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 24, 2023 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $6 price target.
