In a filing, 8X8 Inc revealed its Chief Financial Officer Kraus Kevin unloaded Company’s shares for reported $2648.0 on Dec 16 ’24. In the deal valued at $2.65 per share,1,000 shares were sold. As a result of this transaction, Kraus Kevin now holds 459,641 shares worth roughly $1.24 million.
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Then, KEVIN KRAUS bought 3,000 shares, generating $7,875 in total proceeds.
Before that, Burton Andrew F. sold 1,980 shares. 8X8 Inc shares valued at $6,224 were divested by the Director at a price of $3.14 per share. As a result of the transaction, Burton Andrew F. now holds 133,309 shares, worth roughly $0.36 million.
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 fall -0.74% to $2.70. Over the last five days, the stock has gained 0.93%. 8X8 Inc shares have fallen nearly -28.57% since the year began. Nevertheless, the stocks have fallen -23.30% 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 $2.66, 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 2.65, which if violated will result in even more drops to 2.61. On the upside, there is a resistance level at 2.73. A further resistance level may holdings at 2.77. The Relative Strength Index (RSI) on the 14-day chart is 43.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.88%. Stochastics %K at 26.56% 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.
