A deep drill down to these stocks: Etsy Inc. (ETSY) and Invitae Corporation (NVTA)

On Oct 04, Fisher Michael T, Chief Technology Officer exercised an option 5,208 shares of Etsy Inc. (NASDAQ: ETSY), with the average selling price of the stock being $14.31 per share. The total amount realized from this exercised an option $74,526. A document was filed with the Securities and Exchange Commission to notify the public about the exercised an option of the shares.

In addition to that, Chief Technology Officer – Fisher Michael T sold an extra 5,208 shares of this stock in a transaction that took place a day before, on Oct 04, with a share sold at an average of $56.32 and a total of $293,308 was realized from this transaction. After the transaction, the Chief Technology Officer – Fisher Michael T was left with 18,960 shares of the company’s stock, which is currently worth around $1067827.2.

The recent price movement of ETSY means that it is now down by -21.45% from its 52-week high and 51.53% up against its 52-week low prices. Over the past one week, the price volatility of ETSY stands at 3.36% while the volatility over the past one month is 3.73%. The beta score for this stock is 1.01. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 08/01/2019 published its latest quarterly earnings, with the report showing that the company recorded 0.15 earnings per share (EPS) during that period. This report was above the expectations of analysts of 0.07 by 0.08. The revenue by the firm was 193.53M for the quarter.

The shares of Etsy Inc. (ETSY) dropped by -4.65%, leading to a loss of -$2.81 per share, and saw ETSY end the trading session at $57.61 on Friday 10/18/19. ETSY started the trading session at $59.20, before reaching a daily high of $59.50. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $56.80.

The trading volume on Friday stood at 2913290, which was below the stock’s 3-month average volume of 3.28 million shares, out of a total 119.04M shares. As the price of the stock dipped, the market valuation of the company dropped to 7.28 billion.

The shares of Invitae Corporation (NYSE: NVTA) went down by -4.65% by the end of the recent trading session. This movement saw its price plunge to close at $17.41, which was lower than the previous closing price of $18.26. Over the past one week, the price of NVTA has slipped by -3.22%, while it has recorded a loss of -17.64% over the past one month. Its three-month performance saw NVTA lose -28.88% while its six-month performance saw it drop by -23.61%. The situation is different though over the past one year, as the stock price went up by 26.80%, while its year-to-date (YTD) price performance jumped by 57.41%. The stock price has gone up by +3.26% compared to its 90-day low, while it is down -39.44% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Sell. In the short-term, the stock has a 20-day average volume of 1,792,035 shares, with the short-term indicators averagely rating the stock as a 100% Sell. A look at its medium-term indicators reveals that it has a 50-Day average volume of 2,120,864 shares and the indicators have an average rating of 50% Sell. The last indicators, the long-term see NVTA stock with a 100-Day average volume of 2,094,098 shares, giving it an average rating of 50% Sell. A look at the general picture of all short, medium and long-term indicators leaves NVTA with an average rating of 72% Sell.

Several brokerage firms sent out their reports NVTA stock not long ago. In its report sent out on August 07, 2019, The Benchmark Company lowered its ratings on NVTA to a Buy. In an earlier report on March 04, 2019, Chardan Capital Markets Initiated the stock to a Buy. Oppenheimer meanwhile in its report on December 19, 2018 Initiated its rating of the stock to “Outperform”.

In related news to the company’s stock, around 83.30% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 214 institutions currently hold the NVTA stock. In the last quarter, a 84,674,134 NVTA shares were in the possession of institutions. On the other hand, the company recorded 33 new institutions who bought it their stock, while 51 institutions sold their entire NVTA reserve. Of the current institutions investing in the stock, 108 increased their investment while 89 decreased their investment in the stock.