Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Udemy Inc shares valued at $87,060 were sold by Brown Gregory Scott on Dec 06 ’24. At $8.71 per share, Brown Gregory Scott sold 10,000 shares. The insider’s holdings dropped to 1,183,086 shares worth approximately $9.29 million following the completion of this transaction.
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Also, GREGORY S BROWN purchased 10,000 shares, netting a total of over 85,800 in proceeds.
Before that, VELAYUDHAN PILLAI VENUGOPAL had added 36,321 shares to its account. In a trade valued at $308,728, the Officer bought Udemy Inc shares for $8.50 each.
As published in their initiating research note from Scotiabank on December 05, 2024, Udemy Inc [UDMY] has been a Sector outperform and the price target has been revised to $10. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in late September. As of August 08, 2024, Canaccord Genuity has initiated its “Buy” rating for UDMY. Earlier on August 01, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for UDMY stock which previously was a “a Buy”.
Analyzing UDMY Stock Performance
During the last five days, there has been a drop of approximately -6.32%. Over the course of the year, Udemy Inc shares have dropped approximately -46.71%. Shares of the company reached a 52-week high of $14.74 on 02/12/24 and a 52-week low of $6.67 on 08/05/24. A 50-day SMA is recorded $8.16, while a 200-day SMA reached $8.77. Nevertheless, trading volume fell to 0.75 million shares from 0.63 million shares the previous day.
Support And Resistance Levels for Udemy Inc (UDMY)
According to the 24-hour chart, there is a support level at 7.62, which, if violated, would cause prices to drop to 7.40. In the upper region, resistance lies at 8.21. The next price resistance is at 8.58. RSI (Relative Strength Index) is 43.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 91.82%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
