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. Shopify Inc shares valued at $41,385 were purchased by FIDJI SIMO on Apr 15 ’25. At $82.77 per share, FIDJI SIMO acquired 500 shares.
Also, Tobias Lutke purchased 1,032,787 shares, netting a total of over 97,959,847 in proceeds.
Before that, Toby Shannan had added 2,902 shares to its account. In a trade valued at $275,217, the Director bought Shopify Inc shares for $94.84 each.
As published in a research note from Mizuho on April 14, 2025, Shopify Inc [SHOP] has been retained to a Neutral and the price target has been revised to $85. Analysts at The Benchmark Company upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early February. As of January 10, 2025, New Street has initiated its “Neutral” rating for SHOP. Earlier on January 06, 2025, Wedbush upgraded its rating. Their new recommendation was “an Outperform” for SHOP stock which previously was a “a Neutral”.
Analyzing SHOP Stock Performance
During the last five days, there has been a surge of approximately 1.99%. Over the course of the year, Shopify Inc shares have dropped approximately -8.77%. Shares of the company reached a 52-week high of $129.38 on 02/18/25 and a 52-week low of $69.84 on 04/04/25. A 50-day SMA is recorded $97.00, while a 200-day SMA reached $92.36.
Support And Resistance Levels for Shopify Inc (SHOP)
According to the 24-hour chart, there is a support level at 95.41, which, if violated, would cause prices to drop to 93.81. In the upper region, resistance lies at 98.75. The next price resistance is at 100.49. RSI (Relative Strength Index) is 54.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.12, which suggests the price will increase in the coming days. Percent R is at 12.87%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
