In a filing, PubMatic Inc revealed its CHIEF FINANCIAL OFFICER Pantelick Steven unloaded Company’s shares for reported $0.21 million on Apr 08 ’24. In the deal valued at $23.71 per share,8,876 shares were sold. As a result of this transaction, Pantelick Steven now holds 16,833 shares worth roughly $0.37 million.
Then, Klimenko Paulina sold 5,653 shares, generating $134,004 in total proceeds. Upon selling the shares at $23.70, the CHIEF GROWTH OFFICER now owns 3,025 shares.
Before that, Goel Amar K. sold 3,770 shares. PubMatic Inc shares valued at $89,385 were divested by the CHAIRMAN, CHIEF INNOVATION OFF at a price of $23.71 per share. As a result of the transaction, Goel Amar K. now holds 2,640 shares, worth roughly $57367.200000000004.
Oppenheimer downgraded its PubMatic Inc [PUBM] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Macquarie’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Neutral”. B. Riley Securities began covering PUBM with “Buy” recommendation on April 13, 2023.
Price Performance Review of PUBM
On Tuesday, PubMatic Inc [NASDAQ:PUBM] saw its stock jump 0.28% to $21.73. Over the last five days, the stock has lost -8.08%. PubMatic Inc shares have risen nearly 33.23% since the year began. Nevertheless, the stocks have risen 52.49% over the past one year. While a 52-week high of $24.18 was reached on 04/04/24, a 52-week low of $10.92 was recorded on 01/17/24. SMA at 50 days reached $20.47, while 200 days put it at $16.31. A total of 0.26 million shares were traded, compared to the trading of 0.46 million shares in the previous session.
Levels Of Support And Resistance For PUBM Stock
The 24-hour chart illustrates a support level at 21.40, which if violated will result in even more drops to 21.07. On the upside, there is a resistance level at 21.98. A further resistance level may holdings at 22.23. The Relative Strength Index (RSI) on the 14-day chart is 44.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.69%. Stochastics %K at 13.77% indicates the stock is a buying.
