Phunware Inc’s recent filing unveils that its Chief Executive Officer Snavely Michael acquired Company’s shares for reported $22600.0 on Mar 14 ’24. In the deal valued at $9.04 per share,2,500 shares were bought. As a result of this transaction, Snavely Michael now holds 23,143 shares worth roughly $0.15 million.
Then, Reisner Troy Lee bought 2,000 shares, generating $17,514 in total proceeds. Upon buying the shares at $8.76, the Chief Financial Officer now owns 14,000 shares.
Before that, Snavely Michael sold 273 shares. Phunware Inc shares valued at $44 were divested by the Chief Executive Officer at a price of $0.16 per share. As a result of the transaction, Snavely Michael now holds 1,177,136 shares, worth roughly $7.51 million.
ROTH Capital initiated its Phunware Inc [PHUN] rating to a Buy in a research note published on May 11, 2021; the price target was $2.50. A number of analysts have revised their coverage, including Ascendiant Capital Markets’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating.
Price Performance Review of PHUN
On Tuesday, Phunware Inc [NASDAQ:PHUN] saw its stock fall -1.39% to $6.38. Over the last five days, the stock has lost -18.93%. Phunware Inc shares have risen nearly 55.61% since the year began. Nevertheless, the stocks have fallen -81.81% over the past one year. While a 52-week high of $37.19 was reached on 01/16/24, a 52-week low of $3.50 was recorded on 01/08/24. SMA at 50 days reached $10.91, while 200 days put it at $11.56. A total of 0.45 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For PHUN Stock
The 24-hour chart illustrates a support level at 5.96, which if violated will result in even more drops to 5.55. On the upside, there is a resistance level at 6.66. A further resistance level may holdings at 6.95. The Relative Strength Index (RSI) on the 14-day chart is 32.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.68%. Stochastics %K at 10.22% indicates the stock is a buying.
