Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Upwork Inc shares valued at $4,113 were sold by Marie Olivier on Jan 21 ’25. At $16.00 per share, Marie Olivier sold 257 shares. The insider’s holdings dropped to 1,629 shares worth approximately $25656.75 following the completion of this transaction.
Also, NELSON ELIZABETH A sold 75,000 shares, netting a total of over 1,302,780 in proceeds. Following the sale of shares at $17.37 each, the insider now holds 48,915 shares.
Before that, Marie Olivier had sold 2,601 shares from its account. In a trade valued at $42,206, the Chief Accounting Officer traded Upwork Inc shares for $16.23 each. Upon closing the transaction, the insider’s holdings decreased to 2,601 shares, worth approximately $20380.5.
Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of January 08, 2024, Jefferies has increased its “Hold” rating to a “Buy” for UPWK. Earlier on October 04, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for UPWK stock.
Analyzing UPWK Stock Performance
During the last five days, there has been a drop of approximately -7.08%. Over the course of the year, Upwork Inc shares have dropped approximately -3.67%. Shares of the company reached a 52-week high of $17.48 on 01/28/25 and a 52-week low of $14.75 on 02/03/25. A 50-day SMA is recorded $16.51, while a 200-day SMA reached $12.56. Nevertheless, trading volume fell to 1.24 million shares from 1.5 million shares the previous day.
Support And Resistance Levels for Upwork Inc (UPWK)
According to the 24-hour chart, there is a support level at 15.51, which, if violated, would cause prices to drop to 15.27. In the upper region, resistance lies at 15.89. The next price resistance is at 16.02. RSI (Relative Strength Index) is 45.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.67, which suggests the price will decrease in the coming days. Percent R is at 63.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
