Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Shopify Inc shares valued at $50,805 were purchased by FIDJI SIMO on Jan 15 ’25. At $101.61 per share, FIDJI SIMO acquired 500 shares.
Also, Harley Finkelstein purchased 11,974 shares, netting a total of over 1,372,551 in proceeds.
Before that, Jeff Hoffmeister had added 9,786 shares to its account. In a trade valued at $1,121,781, the Officer bought Shopify Inc shares for $114.63 each.
As published in their initiating research note from New Street on January 10, 2025, Shopify Inc [SHOP] has been a Neutral and the price target has been revised to $115. Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of December 06, 2024, Loop Capital has increased its “Hold” rating to a “Buy” for SHOP. Earlier on November 21, 2024, DZ Bank downgraded its rating. Their new recommendation was “a Sell” for SHOP stock which previously was a “a Hold”.
Analyzing SHOP Stock Performance
During the last five days, there has been a surge of approximately 4.41%. Over the course of the year, Shopify Inc shares have jumped approximately 14.48%. Shares of the company reached a 52-week high of $122.00 on 01/31/25 and a 52-week low of $99.05 on 01/13/25. A 50-day SMA is recorded $110.92, while a 200-day SMA reached $81.63. Nevertheless, trading volume fell to 5.71 million shares from 7.36 million shares the previous day.
Support And Resistance Levels for Shopify Inc (SHOP)
According to the 24-hour chart, there is a support level at 119.55, which, if violated, would cause prices to drop to 117.37. In the upper region, resistance lies at 122.91. The next price resistance is at 124.09. RSI (Relative Strength Index) is 66.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.58, which suggests the price will increase in the coming days. Percent R is at 1.39%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
