Palladyne AI Corp.’s recent filing unveils that its Director FINN BRIAN D acquired Company’s shares for reported $47352.0 on Dec 22 ’23. In the deal valued at $0.59 per share,80,000 shares were bought. As a result of this transaction, FINN BRIAN D now holds 243,125 shares worth roughly $0.52 million.
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Then, FINN BRIAN D bought 40,000 shares, generating $24,336 in total proceeds. Upon buying the shares at $0.61, the Director now owns 163,125 shares.
Before that, FINN BRIAN D bought 16,459 shares. Palladyne AI Corp. shares valued at $10,502 were divested by the Director at a price of $0.64 per share. As a result of the transaction, FINN BRIAN D now holds 123,125 shares, worth roughly $0.26 million.
Price Performance Review of STRC
On Friday, Palladyne AI Corp. [NASDAQ:STRC] saw its stock jump 6.00% to $2.12. Over the last five days, the stock has gained 48.25%. Palladyne AI Corp. shares have risen nearly 193.91% since the year began. Nevertheless, the stocks have fallen -16.98% over the past one year. While a 52-week high of $3.25 was reached on 03/06/24, a 52-week low of $0.40 was recorded on 02/05/24. SMA at 50 days reached $1.00, while 200 days put it at $1.07. A total of 0.94 million shares were traded, compared to the trading of 0.69 million shares in the previous session.
Levels Of Support And Resistance For STRC Stock
The 24-hour chart illustrates a support level at 1.94, which if violated will result in even more drops to 1.75. On the upside, there is a resistance level at 2.33. A further resistance level may holdings at 2.53. The Relative Strength Index (RSI) on the 14-day chart is 64.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.78%. Stochastics %K at 42.90% indicates the stock is a holding.
How much short interest is there in Palladyne AI Corp.?
A steep rise in short interest was recorded in Palladyne AI Corp. stocks on Feb 29, 2024, growing by 1.19 million shares to a total of 1.52 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 0.33 million shares. There was a rise of 78.46%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.04% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.04.
