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Eventbrite Inc [EB] Investment Appeal on the Rise

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In a filing, Eventbrite Inc revealed its COO Baker Charles unloaded Company’s shares for reported $71050.0 on Dec 13 ’24. In the deal valued at $3.55 per share,20,000 shares were sold. As a result of this transaction, Baker Charles now holds 617,487 shares worth roughly $2.23 million.

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Then, CHARLES C BAKER bought 20,000 shares, generating $71,048 in total proceeds.

Before that, August-deWilde Katherine sold 91,887 shares. Eventbrite Inc shares valued at $320,548 were divested by the Director at a price of $3.49 per share. As a result of the transaction, August-deWilde Katherine now holds 206,590 shares, worth roughly $0.75 million.

Truist downgraded its Eventbrite Inc [EB] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “a Neutral”. KeyBanc Capital Markets also remained covering EB and has decreased its forecast on August 09, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. B. Riley Securities started covering the stock on December 08, 2023. It rated EB as “a Buy”.

Price Performance Review of EB

On Tuesday, Eventbrite Inc [NYSE:EB] saw its stock fall -1.10% to $3.61. Over the last five days, the stock has lost -5.25%. Eventbrite Inc shares have fallen nearly -56.82% since the year began. Nevertheless, the stocks have fallen -55.21% over the past one year. While a 52-week high of $9.20 was reached on 02/15/24, a 52-week low of $2.51 was recorded on 08/09/24. SMA at 50 days reached $3.36, while 200 days put it at $4.26.

Levels Of Support And Resistance For EB Stock

The 24-hour chart illustrates a support level at 3.56, which if violated will result in even more drops to 3.51. On the upside, there is a resistance level at 3.69. A further resistance level may holdings at 3.77. The Relative Strength Index (RSI) on the 14-day chart is 50.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.95%. Stochastics %K at 17.99% indicates the stock is a buying.

How much short interest is there in Eventbrite Inc?

A steep rise in short interest was recorded in Eventbrite Inc stocks on 2024-11-29, dropping by -1.32 million shares to a total of 4.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.78 million shares. There was a decline of -29.49%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on November 27, 2023 when BWS Financial began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.

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