Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Enfusion Inc shares valued at $264,822 were sold by Pawar Neal on Dec 03 ’24. At $10.09 per share, Pawar Neal sold 26,246 shares. The insider’s holdings dropped to 1,117,298 shares worth approximately $12.01 million following the completion of this transaction.
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Also, Pawar Neal sold 21,801 shares, netting a total of over 218,664 in proceeds. Following the sale of shares at $10.03 each, the insider now holds 1,143,544 shares.
Before that, Pawar Neal had added 26,246 shares to its account. In a trade valued at $264,814, the Officer bought Enfusion Inc shares for $10.09 each.
Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in late February. As of January 30, 2024, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for ENFN. Earlier on November 07, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for ENFN stock.
Analyzing ENFN Stock Performance
During the last five days, there has been a surge of approximately 0.94%. Over the course of the year, Enfusion Inc shares have jumped approximately 10.82%. Shares of the company reached a 52-week high of $11.38 on 12/18/24 and a 52-week low of $7.52 on 01/30/24. A 50-day SMA is recorded $9.62, while a 200-day SMA reached $9.08. Nevertheless, trading volume fell to 0.79 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for Enfusion Inc (ENFN)
According to the 24-hour chart, there is a support level at 10.49, which, if violated, would cause prices to drop to 10.24. In the upper region, resistance lies at 11.19. The next price resistance is at 11.63. RSI (Relative Strength Index) is 64.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.39, which suggests the price will decrease in the coming days. Percent R is at 41.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
