Shopify Inc’s filing revealed that its Officer Harley Finkelstein acquired Company’s shares for reported $1.37 million on Dec 23 ’24. In the deal valued at $114.63 per share,11,974 shares were bought.
Then, Jeff Hoffmeister bought 9,786 shares, generating $1,121,781 in total proceeds.
Before that, Jessica Hertz bought 11,168 shares. Shopify Inc shares valued at $1,280,186 were divested by the Officer at a price of $114.63 per share.
Wedbush upgraded its Shopify Inc [SHOP] rating to an Outperform from a a Neutral in a research note published on January 06, 2025; the price target was increased to $125 from $115. A number of analysts have revised their coverage, including Loop Capital’s analysts, who increased its forecast for the stock in early December from “a Hold” to “a Buy”. DZ Bank also remained covering SHOP and has decreased its forecast on November 21, 2024 with a “Sell” recommendation from previously “Hold” rating. Redburn Atlantic revised its rating on September 17, 2024. It rated SHOP as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SHOP
On Tuesday, Shopify Inc [NYSE:SHOP] saw its stock fall -6.53% to $106.78. Over the last five days, the stock has gained 0.08%. Shopify Inc shares have risen nearly 0.42% since the year began. Nevertheless, the stocks have risen 43.31% over the past one year. While a 52-week high of $120.72 was reached on 01/07/25, a 52-week low of $48.56 was recorded on 01/02/25. SMA at 50 days reached $103.92, while 200 days put it at $78.27.
Levels Of Support And Resistance For SHOP Stock
The 24-hour chart illustrates a support level at 103.45, which if violated will result in even more drops to 100.12. On the upside, there is a resistance level at 112.74. A further resistance level may holdings at 118.70. The Relative Strength Index (RSI) on the 14-day chart is 47.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.38%. Stochastics %K at 35.84% indicates the stock is a holding.
How much short interest is there in Shopify Inc?
A steep rise in short interest was recorded in Shopify Inc stocks on 2024-12-13, dropping by -0.45 million shares to a total of 16.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 17.07 million shares. There was a decline of -2.72%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 05, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”a Neutral”‘ rating along with a $70 price target.
