Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Euronet Worldwide Inc shares valued at $2,224,324 were sold by Fountas Nikos on Dec 09 ’24. At $103.56 per share, Fountas Nikos sold 21,479 shares. The insider’s holdings dropped to 52,370 shares worth approximately $5.23 million following the completion of this transaction.
Also, NIKOS FOUNTAS purchased 21,479 shares, netting a total of over 2,224,591 in proceeds.
Before that, Bruckner Martin L. had sold 9,397 shares from its account. In a trade valued at $1,008,383, the SVP – Chief Technology Officer traded Euronet Worldwide Inc shares for $107.31 each. Upon closing the transaction, the insider’s holdings decreased to 9,397 shares, worth approximately $3.99 million.
As published in a research note from Citigroup on October 18, 2024, Euronet Worldwide Inc [EEFT] has been rated down from a Buy to a Neutral and the price target has been revised to $110 from $118. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in early October. As of July 22, 2024, Monness Crespi & Hardt has reiterated its “Neutral” rating for EEFT. Earlier on May 17, 2024, Wolfe Research upgraded its rating. Their new recommendation was “a Peer perform” for EEFT stock which previously was a “an Underperform”.
Analyzing EEFT Stock Performance
During the last five days, there has been a drop of approximately -2.86%. Over the course of the year, Euronet Worldwide Inc shares have dropped approximately -2.86%. Shares of the company reached a 52-week high of $103.69 on 01/02/25 and a 52-week low of $98.38 on 01/08/25. A 50-day SMA is recorded $103.05, while a 200-day SMA reached $104.10. Nevertheless, trading volume fell to 0.19 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for Euronet Worldwide Inc (EEFT)
According to the 24-hour chart, there is a support level at 98.83, which, if violated, would cause prices to drop to 97.77. In the upper region, resistance lies at 100.51. The next price resistance is at 101.13. RSI (Relative Strength Index) is 39.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.59, which suggests the price will decrease in the coming days. Percent R is at 84.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
