In a filing, 8X8 Inc revealed its Chief Financial Officer Kraus Kevin unloaded Company’s shares for reported $2600.0 on Jan 15 ’25. In the deal valued at $2.60 per share,1,000 shares were sold. As a result of this transaction, Kraus Kevin now holds 458,641 shares worth roughly $1.3 million.
Then, Kraus Kevin sold 1,000 shares, generating $2,648 in total proceeds. Upon selling the shares at $2.65, the Chief Financial Officer now owns 459,641 shares.
Before that, KEVIN KRAUS bought 3,000 shares. 8X8 Inc shares valued at $7,875 were divested by the Officer at a price of $2.62 per share.
Mizuho downgraded its 8X8 Inc [EGHT] rating to an Underperform from a a Neutral in a research note published on December 13, 2024; the price target was decreased to $2.50 from $2.75. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid June from “an Equal-weight” to “an Underweight”. Craig Hallum also remained covering EGHT and has increased its forecast on November 02, 2023 with a “Buy” recommendation from previously “Hold” rating. Craig Hallum revised its rating on August 09, 2023. It rated EGHT as “a Hold” which previously was an “a Buy”.
Price Performance Review of EGHT
On Friday, 8X8 Inc [NASDAQ:EGHT] saw its stock jump 3.65% to $2.84. Over the last five days, the stock has gained 7.58%. 8X8 Inc shares have risen nearly 6.37% since the year began. Nevertheless, the stocks have fallen -19.55% over the past one year. While a 52-week high of $3.76 was reached on 01/06/25, a 52-week low of $1.51 was recorded on 01/14/25. SMA at 50 days reached $2.83, while 200 days put it at $2.42.
Levels Of Support And Resistance For EGHT Stock
The 24-hour chart illustrates a support level at 2.74, which if violated will result in even more drops to 2.65. On the upside, there is a resistance level at 2.91. A further resistance level may holdings at 2.99. The Relative Strength Index (RSI) on the 14-day chart is 57.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.00%. Stochastics %K at 58.33% indicates the stock is a holding.
How much short interest is there in 8X8 Inc?
A steep rise in short interest was recorded in 8X8 Inc stocks on 2024-12-31, growing by 0.18 million shares to a total of 7.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 7.5 million shares. There was a rise of 2.38%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 24, 2023 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $6 price target.
