Spotify Technology S.A’s recently made public that its Director and Chief Executive O Daniel Ek acquired Company’s shares for reported $27.84 million on Jan 08 ’25. In the deal valued at $463.93 per share,60,000 shares were bought.
Then, Daniel Ek bought 60,000 shares, generating $27,720,000 in total proceeds.
Before that, McCARTHY BARRY bought 21,000 shares. Spotify Technology S.A shares valued at $10,166,923 were divested by the Director at a price of $484.14 per share.
Wolfe Research downgraded its Spotify Technology S.A [SPOT] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Pivotal Research Group’s analysts, who remained covering the stock and in mid November has reiterated a ‘”a Buy”‘ rating for it. Pivotal Research Group also remained covering SPOT and reiterated its “Buy” recommendation on September 19, 2024. Cantor Fitzgerald started covering the stock on September 05, 2024. It rated SPOT as “a Neutral”.
Price Performance Review of SPOT
On Friday, Spotify Technology S.A [NYSE:SPOT] saw its stock fall -0.98% to $485.53. Over the last five days, the stock has gained 5.66%. Spotify Technology S.A shares have risen nearly 8.53% since the year began. Nevertheless, the stocks have risen 144.38% over the past one year. While a 52-week high of $506.47 was reached on 01/16/25, a 52-week low of $191.88 was recorded on 01/02/25. SMA at 50 days reached $463.07, while 200 days put it at $361.51.
Levels Of Support And Resistance For SPOT Stock
The 24-hour chart illustrates a support level at 480.10, which if violated will result in even more drops to 474.66. On the upside, there is a resistance level at 490.87. A further resistance level may holdings at 496.21. The Relative Strength Index (RSI) on the 14-day chart is 58.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 21.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.10%. Stochastics %K at 84.38% indicates the stock is a selling.
How much short interest is there in Spotify Technology S.A?
A steep rise in short interest was recorded in Spotify Technology S.A stocks on 2024-12-31, dropping by -1.28 million shares to a total of 6.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 8.06 million shares. There was a decline of -18.82%, which implies that there is a negative sentiment for the stock.
