Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 8X8 Inc shares valued at $2,648 were sold by Kraus Kevin on Dec 16 ’24. At $2.65 per share, Kraus Kevin sold 1,000 shares. The insider’s holdings dropped to 459,641 shares worth approximately $1.25 million following the completion of this transaction.
Also, KEVIN KRAUS purchased 3,000 shares, netting a total of over 7,875 in proceeds.
Before that, Burton Andrew F. had sold 1,980 shares from its account. In a trade valued at $6,224, the Director traded 8X8 Inc shares for $3.14 each. Upon closing the transaction, the insider’s holdings decreased to 1,980 shares, worth approximately $0.36 million.
As published in a research note from Mizuho on December 13, 2024, 8X8 Inc [EGHT] has been rated down from a Neutral to an Underperform and the price target has been revised to $2.50 from $2.75. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid June. As of November 02, 2023, Craig Hallum has increased its “Hold” rating to a “Buy” for EGHT. Earlier on August 09, 2023, Craig Hallum downgraded its rating. Their new recommendation was “a Hold” for EGHT stock which previously was a “a Buy”.
Analyzing EGHT Stock Performance
During the last five days, there has been a surge of approximately 2.64%. Over the course of the year, 8X8 Inc shares have jumped approximately 1.87%. Shares of the company reached a 52-week high of $2.92 on 01/06/25 and a 52-week low of $2.52 on 01/14/25. A 50-day SMA is recorded $2.83, while a 200-day SMA reached $2.41. Nevertheless, trading volume fell to 0.54 million shares from 2.24 million shares the previous day.
Support And Resistance Levels for 8X8 Inc (EGHT)
According to the 24-hour chart, there is a support level at 2.62, which, if violated, would cause prices to drop to 2.51. In the upper region, resistance lies at 2.79. The next price resistance is at 2.85. RSI (Relative Strength Index) is 49.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 50.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
