Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Spotify Technology S.A shares valued at $1,889,265 were purchased by Sutphen Mona on Feb 05 ’25. At $623.31 per share, Sutphen Mona acquired 3,031 shares.
Also, Mothner Eve purchased 1,019 shares, netting a total of over 631,909 in proceeds.
Before that, Berg Katarina had added 19,656 shares to its account. In a trade valued at $11,891,880, the Officer bought Spotify Technology S.A shares for $605.00 each.
As published in a research note from Rosenblatt on February 05, 2025, Spotify Technology S.A [SPOT] has been rated down from a Buy to a Neutral. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in mid January. As of November 13, 2024, Pivotal Research Group has reiterated its “Buy” rating for SPOT. Earlier on September 19, 2024, Pivotal Research Group resumed its rating. Their recommendation was “a Buy” for SPOT stock.
Analyzing SPOT Stock Performance
During the last five days, there has been a surge of approximately 13.77%. Over the course of the year, Spotify Technology S.A shares have jumped approximately 39.90%. Shares of the company reached a 52-week high of $630.77 on 02/05/25 and a 52-week low of $443.21 on 01/02/25. A 50-day SMA is recorded $491.71, while a 200-day SMA reached $377.71. Nevertheless, trading volume fell to 1.85 million shares from 4.61 million shares the previous day.
Support And Resistance Levels for Spotify Technology S.A (SPOT)
According to the 24-hour chart, there is a support level at 619.75, which, if violated, would cause prices to drop to 613.64. In the upper region, resistance lies at 630.24. The next price resistance is at 634.62. RSI (Relative Strength Index) is 87.19 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 82.87, which suggests the price will increase in the coming days. Percent R is at 3.18%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
