Airbnb Co-Founder Gebbia Buys $1.02M in Tesla After 5-Year Insider Hiatus
BREAKING: $Tesla Motors(TSLA)$ board member Joe Gebbia (co-founder of $Airbnb, Inc.(ABNB)$ ) has purchased $1.02 million of $TSLA stock, the first time an insider has purchased $Tesla Motors(TSLA)$ stock in ~5 years.
Joe Gebbia, source from google
According to public disclosure information from the SEC, Gebbia made the purchase on April 24th, buying at a price close to $256.30 per share, for a total of 4,000 shares.
Judging from the stock price trend, after Gebbia's purchase, $Tesla Motors(TSLA)$ stock nearly rose by 10% over the next two trading days. This bottom-fishing buy was indeed precise.
In terms of technical charts, $Tesla Motors(TSLA)$ 's stock price is currently just two days past breaking out of a downtrend, and there may be a chance for a short-term rebound.
Investors should closely monitor whether the stock price can continue to rise and break through key resistance levels, such as holding above the MA50 and moving above the MA120.
If the stock price can break through and stabilize above the MA120, it may attract more buying interest, thereby driving the stock price further upward.
However, if the stock price fails to break through the resistance level and falls again, after breaking below the $250 platform range, it may test for a continued decline.
Investors should consider these technical analysis factors when making investment decisions, and combine them with fundamental analysis and market sentiment.
From monthlty K-chart, after two month pullback, $Tesla Motors(TSLA)$ still stands above some key MA levels, with trump tarrif ease and trading volume moving higher, in a long run it seems a good timing to add more position of $Tesla Motors(TSLA)$ like Joe Gebbia.
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