In a filing, Shopify Inc revealed its Director FIDJI SIMO acquired Company’s shares for reported $50805.0 on Jan 15 ’25. In the deal valued at $101.61 per share,500 shares were bought.
Then, Harley Finkelstein bought 11,974 shares, generating $1,372,551 in total proceeds.
Before that, Jeff Hoffmeister bought 9,786 shares. Shopify Inc shares valued at $1,121,781 were divested by the Officer at a price of $114.63 per share.
New Street initiated its Shopify Inc [SHOP] rating to a Neutral in a research note published on January 10, 2025; the price target was $115. A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Outperform”. Loop Capital also remained covering SHOP and has increased its forecast on December 06, 2024 with a “Buy” recommendation from previously “Hold” rating. DZ Bank revised its rating on November 21, 2024. It rated SHOP as “a Sell” which previously was an “a Hold”.
Price Performance Review of SHOP
On Monday, Shopify Inc [NYSE:SHOP] saw its stock fall -0.28% to $107.38. Over the last five days, the stock has gained 3.90%. Shopify Inc shares have risen nearly 0.99% since the year began. Nevertheless, the stocks have risen 33.01% over the past one year. While a 52-week high of $120.72 was reached on 01/07/25, a 52-week low of $48.56 was recorded on 01/13/25. SMA at 50 days reached $109.53, while 200 days put it at $79.95.
Levels Of Support And Resistance For SHOP Stock
The 24-hour chart illustrates a support level at 103.80, which if violated will result in even more drops to 100.23. On the upside, there is a resistance level at 109.67. A further resistance level may holdings at 111.97. The Relative Strength Index (RSI) on the 14-day chart is 51.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 48.96%. Stochastics %K at 49.04% indicates the stock is a holding.
How much short interest is there in Shopify Inc?
A steep rise in short interest was recorded in Shopify Inc stocks on 2024-12-31, growing by 0.77 million shares to a total of 16.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 15.42 million shares. There was a rise of 4.73%, which implies that there is a positive sentiment for the stock.
