Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Etsy Inc shares valued at $54,480 were sold by Buckley Merilee on Dec 05 ’24. At $60.00 per share, Buckley Merilee sold 908 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Kumar Rachana sold 1,000 shares, netting a total of over 60,000 in proceeds. Following the sale of shares at $60.00 each, the insider now holds 26,660 shares.
Before that, Buckley Merilee had added 908 shares to its account. In a trade valued at $54,480, the Officer bought Etsy Inc shares for $60.00 each.
Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid October. As of September 05, 2024, Cantor Fitzgerald has initiated its “Neutral” rating for ETSY.
Analyzing ETSY Stock Performance
During the last five days, there has been a drop of approximately -4.60%. Over the course of the year, Etsy Inc shares have dropped approximately -34.74%. Shares of the company reached a 52-week high of $82.84 on 01/02/24 and a 52-week low of $47.10 on 10/30/24. A 50-day SMA is recorded $53.93, while a 200-day SMA reached $58.40. Nevertheless, trading volume fell to 3.91 million shares from 2.57 million shares the previous day.
Support And Resistance Levels for Etsy Inc (ETSY)
According to the 24-hour chart, there is a support level at 52.01, which, if violated, would cause prices to drop to 51.14. In the upper region, resistance lies at 54.57. The next price resistance is at 56.26. RSI (Relative Strength Index) is 40.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.54, which suggests the price will decrease in the coming days. Percent R is at 88.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
