PJT Partners Inc’s filing revealed that its Managing Partner Lee Ji-Yeun unloaded Company’s shares for reported $1.05 million on Mar 01 ’24. In the deal valued at $104.58 per share,10,000 shares were sold. As a result of this transaction, Lee Ji-Yeun now holds 73,421 shares worth roughly $7.16 million.
Then, Meates Helen T sold 5,000 shares, generating $521,700 in total proceeds. Upon selling the shares at $104.34, the Chief Financial Officer now owns 43,821 shares.
Before that, Meates Helen T sold 12,926 shares. PJT Partners Inc shares valued at $1,363,822 were divested by the Chief Financial Officer at a price of $105.51 per share. As a result of the transaction, Meates Helen T now holds 48,821 shares, worth roughly $4.76 million.
UBS downgraded its PJT Partners Inc [PJT] rating to a Sell from a a Neutral in a research note published on March 26, 2024; the price target was decreased to $75 from $100. Goldman also remained covering PJT and has decreased its forecast on January 09, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wolfe Research revised its rating on January 03, 2024. It rated PJT as “an Underperform” which previously was an “a Peer perform”.
Price Performance Review of PJT
On Tuesday, PJT Partners Inc [NYSE:PJT] saw its stock jump 0.47% to $97.46. Over the last five days, the stock has gained 3.19%. PJT Partners Inc shares have fallen nearly -4.33% since the year began. Nevertheless, the stocks have risen 35.08% over the past one year. While a 52-week high of $107.35 was reached on 02/29/24, a 52-week low of $59.61 was recorded on 03/26/24. SMA at 50 days reached $98.40, while 200 days put it at $86.88. A total of 0.37 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For PJT Stock
The 24-hour chart illustrates a support level at 96.26, which if violated will result in even more drops to 95.06. On the upside, there is a resistance level at 98.07. A further resistance level may holdings at 98.67. The Relative Strength Index (RSI) on the 14-day chart is 53.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.82%. Stochastics %K at 92.63% indicates the stock is a selling.
How much short interest is there in PJT Partners Inc?
A steep rise in short interest was recorded in PJT Partners Inc stocks on Mar 15, 2024, dropping by 60000.0 shares to a total of 1.39 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.45 million shares. There was a decline of -4.32%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.98% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.
