Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pacira BioSciences Inc shares valued at $2,754,000 were sold by PACE GARY W on Mar 08 ’24. At $30.60 per share, PACE GARY W sold 90,000 shares. The insider’s holdings dropped to 22,127 shares worth approximately $0.58 million following the completion of this transaction.
Also, PACE GARY W sold 28,257 shares, netting a total of over 870,598 in proceeds. Following the sale of shares at $30.81 each, the insider now holds 112,127 shares.
Before that, PACE GARY W had sold 1,066 shares from its account. In a trade valued at $31,628, the Director traded Pacira BioSciences Inc shares for $29.67 each. Upon closing the transaction, the insider’s holdings decreased to 1,066 shares, worth approximately $3.66 million.
Analysts at Raymond James started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid December. As of August 03, 2023, TD Cowen has increased its “Market perform” rating to a “an Outperform” for PCRX.
Analyzing PCRX Stock Performance
During the last five days, there has been a drop of approximately -4.61%. Over the course of the year, Pacira BioSciences Inc shares have dropped approximately -22.64%. Shares of the company reached a 52-week high of $35.95 on 01/08/24 and a 52-week low of $25.76 on 04/15/24. A 50-day SMA is recorded $29.05, while a 200-day SMA reached $31.68. Nevertheless, trading volume fell to 0.62 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for Pacira BioSciences Inc (PCRX)
According to the 24-hour chart, there is a support level at 25.84, which, if violated, would cause prices to drop to 25.58. In the upper region, resistance lies at 26.60. The next price resistance is at 27.10. RSI (Relative Strength Index) is 30.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.17, which suggests the price will decrease in the coming days. Percent R is at 90.84%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
