Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BigCommerce Holdings Inc shares valued at $429,533 were sold by Richards Jeffrey Gordon on Aug 13 ’24. At $5.61 per share, Richards Jeffrey Gordon sold 76,571 shares. The insider’s holdings dropped to 7,192 shares worth approximately $45237.68 following the completion of this transaction.
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Also, Richards Jeffrey Gordon sold 53,718 shares, netting a total of over 293,461 in proceeds. Following the sale of shares at $5.46 each, the insider now holds 5,291 shares.
Before that, GGV CAP V ENTREPRENEURS FD LP had added 1,901 shares to its account. In a trade valued at $10,385, the Director bought BigCommerce Holdings Inc shares for $5.46 each.
As published in a research note from BofA Securities on March 25, 2024, BigCommerce Holdings Inc [BIGC] has been rated down from a Neutral to an Underperform and the price target has been revised to $7.50 from $11. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of September 22, 2023, UBS has initiated its “Neutral” rating for BIGC. Earlier on March 09, 2023, DA Davidson initiated its rating. Their recommendation was “a Neutral” for BIGC stock.
Analyzing BIGC Stock Performance
During the last five days, there has been a drop of approximately -2.78%. Over the course of the year, BigCommerce Holdings Inc shares have dropped approximately -35.35%. Shares of the company reached a 52-week high of $9.61 on 01/02/24 and a 52-week low of $5.13 on 11/04/24. A 50-day SMA is recorded $6.39, while a 200-day SMA reached $6.70. Nevertheless, trading volume fell to 0.57 million shares from 1.02 million shares the previous day.
Support And Resistance Levels for BigCommerce Holdings Inc (BIGC)
According to the 24-hour chart, there is a support level at 6.17, which, if violated, would cause prices to drop to 6.04. In the upper region, resistance lies at 6.40. The next price resistance is at 6.51. RSI (Relative Strength Index) is 40.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.60, which suggests the price will decrease in the coming days. Percent R is at 87.63%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
