The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Etsy Inc shares valued at $22,692 were sold by Buckley Merilee on Jan 03 ’25. At $53.39 per share, Buckley Merilee sold 425 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Daniel Nicholas sold 1,500 shares, netting a total of over 80,358 in proceeds. Following the sale of shares at $53.57 each, the insider now holds 23,698 shares.
Before that, Buckley Merilee had added 425 shares to its account. In a trade valued at $22,631, the Officer bought Etsy Inc shares for $53.25 each.
As published in a research note from Jefferies on January 13, 2025, Etsy Inc [ETSY] has been rated up from an Underperform to a Hold and the price target has been revised to $55 from $45. As of October 15, 2024, Goldman has decreased its “Neutral” rating to a “Sell” for ETSY. Earlier on September 05, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “a Neutral” for ETSY stock.
Analyzing ETSY Stock Performance
During the last five days, there has been a drop of approximately -1.32%. Over the course of the year, Etsy Inc shares have jumped approximately 0.72%. Shares of the company reached a 52-week high of $57.31 on 01/06/25 and a 52-week low of $51.79 on 01/10/25. A 50-day SMA is recorded $54.73, while a 200-day SMA reached $57.79. Nevertheless, trading volume fell to 2.37 million shares from 2.25 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 52.62, which, if violated, would cause prices to drop to 51.97. In the upper region, resistance lies at 54.46. The next price resistance is at 55.65. RSI (Relative Strength Index) is 44.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.35, which suggests the price will decrease in the coming days. Percent R is at 70.75%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
