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. Five9 Inc shares valued at $139,612 were sold by ZWARENSTEIN BARRY on Dec 04 ’24. At $41.85 per share, ZWARENSTEIN BARRY sold 3,336 shares. The insider’s holdings dropped to 98,396 shares worth approximately $4.03 million following the completion of this transaction.
Also, Mansharamani Leena sold 1,346 shares, netting a total of over 55,632 in proceeds. Following the sale of shares at $41.33 each, the insider now holds 35,526 shares.
Before that, Kozanian Panos had sold 7,619 shares from its account. In a trade valued at $320,698, the EVP, Product Engineering traded Five9 Inc shares for $42.09 each. Upon closing the transaction, the insider’s holdings decreased to 7,619 shares, worth approximately $2.83 million.
As published in their initiating research note from Cantor Fitzgerald on January 17, 2025, Five9 Inc [FIVN] has been an Overweight and the price target has been revised to $46. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid November. As of August 09, 2024, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for FIVN. Earlier on August 05, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for FIVN stock which previously was a “an Underperform”.
Analyzing FIVN Stock Performance
During the last five days, there has been a surge of approximately 3.10%. Over the course of the year, Five9 Inc shares have jumped approximately 0.79%. Shares of the company reached a 52-week high of $42.49 on 01/06/25 and a 52-week low of $36.20 on 01/17/25. A 50-day SMA is recorded $40.43, while a 200-day SMA reached $40.25. Nevertheless, trading volume fell to 1.86 million shares from 1.66 million shares the previous day.
Support And Resistance Levels for Five9 Inc (FIVN)
According to the 24-hour chart, there is a support level at 40.13, which, if violated, would cause prices to drop to 39.30. In the upper region, resistance lies at 41.52. The next price resistance is at 42.09. RSI (Relative Strength Index) is 57.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.91, which suggests the price will increase in the coming days. Percent R is at 11.52%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
