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Five9 Inc (FIVN) gets rating Downgrade from Wells Fargo

Five9 Inc’s filing revealed that its Chief Financial Officer ZWARENSTEIN BARRY unloaded Company’s shares for reported $0.14 million on Dec 04 ’24. In the deal valued at $41.85 per share,3,336 shares were sold. As a result of this transaction, ZWARENSTEIN BARRY now holds 98,396 shares worth roughly $4.19 million.

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Then, Mansharamani Leena sold 1,346 shares, generating $55,632 in total proceeds. Upon selling the shares at $41.33, the SVP, Chief Accounting Officer now owns 35,526 shares.

Before that, Kozanian Panos sold 7,619 shares. Five9 Inc shares valued at $320,698 were divested by the EVP, Product Engineering at a price of $42.09 per share. As a result of the transaction, Kozanian Panos now holds 69,009 shares, worth roughly $2.94 million.

Wells Fargo downgraded its Five9 Inc [FIVN] rating to an Equal weight from a an Overweight in a research note published on November 12, 2024; the price target was decreased to $40 from $55. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Neutral”. BofA Securities also remained covering FIVN and has increased its forecast on August 05, 2024 with a “Buy” recommendation from previously “an Underperform” rating. RBC Capital Mkts started covering the stock on March 15, 2024. It rated FIVN as “an Outperform”.

Price Performance Review of FIVN

On Monday, Five9 Inc [NASDAQ:FIVN] saw its stock jump 0.95% to $42.61. Over the last five days, the stock has gained 2.43%. Five9 Inc shares have fallen nearly -45.85% since the year began. Nevertheless, the stocks have fallen -48.54% over the past one year. While a 52-week high of $85.00 was reached on 01/22/24, a 52-week low of $26.60 was recorded on 09/10/24. SMA at 50 days reached $35.54, while 200 days put it at $43.12.

Levels Of Support And Resistance For FIVN Stock

The 24-hour chart illustrates a support level at 41.40, which if violated will result in even more drops to 40.19. On the upside, there is a resistance level at 43.59. A further resistance level may holdings at 44.57. The Relative Strength Index (RSI) on the 14-day chart is 64.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.56%. Stochastics %K at 66.62% indicates the stock is a holding.

How much short interest is there in Five9 Inc?

A steep rise in short interest was recorded in Five9 Inc stocks on 2024-11-29, dropping by -2.35 million shares to a total of 6.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 8.57 million shares. There was a decline of -37.79%, which implies that there is a negative sentiment for the stock.

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