Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PLBY Group Inc shares valued at $23,450 were sold by Kohn Bernhard L III on Nov 14 ’23. At $0.47 per share, Kohn Bernhard L III sold 50,000 shares. The insider’s holdings dropped to 75,361 shares worth approximately $73100.17 following the completion of this transaction.
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Also, Beuting Florus sold 1,059 shares, netting a total of over 755 in proceeds. Following the sale of shares at $0.71 each, the insider now holds 47,939 shares.
Before that, Beuting Florus had sold 1,763 shares from its account. In a trade valued at $2,500, the CAO & Treasurer traded PLBY Group Inc shares for $1.42 each. Upon closing the transaction, the insider’s holdings decreased to 1,763 shares, worth approximately $47528.06.
As published in a research note from Stifel on August 10, 2023, PLBY Group Inc [PLBY] has been retained to a Hold and the price target has been revised to $1.50. Analysts at ROTH MKM downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid May. As of May 05, 2023, Jefferies has initiated its “Buy” rating for PLBY. Earlier on March 17, 2023, ROTH MKM resumed its rating. Their recommendation was “a Buy” for PLBY stock.
Analyzing PLBY Stock Performance
During the last five days, there has been a drop of approximately -2.67%. Over the course of the year, PLBY Group Inc shares have dropped approximately -2.76%. Shares of the company reached a 52-week high of $1.5500 on 01/10/24 and a 52-week low of $0.7423 on 03/08/24. A 50-day SMA is recorded $1.0358, while a 200-day SMA reached $1.0993. Nevertheless, trading volume fell to 1.35 million shares from 0.75 million shares the previous day.
Support And Resistance Levels for PLBY Group Inc (PLBY)
According to the 24-hour chart, there is a support level at 0.9317, which, if violated, would cause prices to drop to 0.8909. In the upper region, resistance lies at 1.0016. The next price resistance is at 1.0307. RSI (Relative Strength Index) is 52.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0608, which suggests the price will decrease in the coming days. Percent R is at 25.22%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is PLBY Group Inc subject to short interest?
Stocks of PLBY Group Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.12 million shares to 4.57 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.69 million shares. A decline of -2.63% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 10.89 of the overall float, the days-to-cover ratio (short ratio) decline to 10.89.
