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. Spotify Technology S.A shares valued at $28,224,000 were purchased by Daniel Ek on Apr 16 ’25. At $564.48 per share, Daniel Ek acquired 50,000 shares.
Also, Daniel Ek purchased 50,000 shares, netting a total of over 27,586,500 in proceeds.
Before that, Daniel Ek had added 50,000 shares to its account. In a trade valued at $28,474,000, the Director and Chief Executive O bought Spotify Technology S.A shares for $569.48 each.
As published in a research note from Wolfe Research on April 21, 2025, Spotify Technology S.A [SPOT] has been rated up from a Peer perform to an Outperform and the price target has been revised to $660. Analysts at FBN Securities started covering the stock with ‘”a Sector perform”‘ outlook in a report released in late March. As of March 26, 2025, China Renaissance has initiated its “Buy” rating for SPOT.
Analyzing SPOT Stock Performance
During the last five days, there has been a surge of approximately 7.62%. Over the course of the year, Spotify Technology S.A shares have jumped approximately 35.44%. Shares of the company reached a 52-week high of $652.63 on 02/13/25 and a 52-week low of $443.21 on 01/02/25. A 50-day SMA is recorded $577.08, while a 200-day SMA reached $450.65.
Support And Resistance Levels for Spotify Technology S.A (SPOT)
According to the 24-hour chart, there is a support level at 595.93, which, if violated, would cause prices to drop to 585.90. In the upper region, resistance lies at 613.92. The next price resistance is at 621.89. RSI (Relative Strength Index) is 59.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 38.27, which suggests the price will increase in the coming days. Percent R is at 5.86%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
