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Grid Dynamics Holdings Inc (GDYN) receives a Buy rating from TD Cowen

In a filing, Grid Dynamics Holdings Inc revealed its Officer LEONARD LIVSCHITZ acquired Company’s shares for reported $0.25 million on Feb 21 ’25. In the deal valued at $25.33 per share,10,000 shares were bought.

Then, Livschitz Leonard sold 50,000 shares, generating $1,105,500 in total proceeds. Upon selling the shares at $22.11, the CHIEF EXECUTIVE OFFICER now owns 3,249,081 shares.

Before that, LEONARD LIVSCHITZ bought 50,000 shares. Grid Dynamics Holdings Inc shares valued at $1,105,304 were divested by the Officer at a price of $22.11 per share.

TD Cowen upgraded its Grid Dynamics Holdings Inc [GDYN] rating to a Buy from a a Hold in a research note published on August 02, 2024; the price target was increased to $16 from $12. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. Needham also remained covering GDYN and reiterated its “Buy” recommendation on March 04, 2022. Citigroup started covering the stock on November 01, 2021. It rated GDYN as “a Buy”.

Price Performance Review of GDYN

On Friday, Grid Dynamics Holdings Inc [NASDAQ:GDYN] saw its stock fall -6.88% to $19.90. Over the last five days, the stock has lost -11.63%. Grid Dynamics Holdings Inc shares have fallen nearly -10.52% since the year began. Nevertheless, the stocks have risen 47.52% over the past one year. While a 52-week high of $25.50 was reached on 02/21/25, a 52-week low of $9.07 was recorded on 01/13/25. SMA at 50 days reached $21.45, while 200 days put it at $15.40.

Levels Of Support And Resistance For GDYN Stock

The 24-hour chart illustrates a support level at 19.28, which if violated will result in even more drops to 18.66. On the upside, there is a resistance level at 21.11. A further resistance level may holdings at 22.33. The Relative Strength Index (RSI) on the 14-day chart is 37.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.47%. Stochastics %K at 7.15% indicates the stock is a buying.

The most recent change occurred on July 30, 2021 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $25 price target.

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