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PRPL’s latest rating updates from top analysts.

CHWY Stock

Purple Innovation Inc’s filing revealed that its Principal Accounting Officer Ulrich George Turner acquired Company’s shares for reported $6061.0 on Mar 22 ’24. In the deal valued at $1.52 per share,4,000 shares were bought. As a result of this transaction, Ulrich George Turner now holds 16,874 shares worth roughly $25648.48.

Then, DICAMILLO GARY T bought 10,000 shares, generating $22,182 in total proceeds. Upon buying the shares at $2.22, the Director now owns 158,478 shares.

Before that, McGarvey Casey Kale bought 22,300 shares. Purple Innovation Inc shares valued at $63,553 were divested by the Chief Legal Officer at a price of $2.85 per share. As a result of the transaction, McGarvey Casey Kale now holds 108,436 shares, worth roughly $0.16 million.

ROTH MKM upgraded its Purple Innovation Inc [PRPL] rating to a Buy from a a Neutral in a research note published on March 13, 2024; the price target was increased to $2.50 from $2. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in early November from “a Hold” to “a Buy”. UBS also remained covering PRPL and reiterated its “Neutral” recommendation on March 02, 2022. Truist maintained its rating on March 02, 2022. It rated PRPL as “a Hold”.

Price Performance Review of PRPL

On Tuesday, Purple Innovation Inc [NASDAQ:PRPL] saw its stock fall -4.40% to $1.52. Over the last five days, the stock has lost -5.00%. Purple Innovation Inc shares have risen nearly 47.57% since the year began. Nevertheless, the stocks have fallen -48.82% over the past one year. While a 52-week high of $3.78 was reached on 03/04/24, a 52-week low of $0.55 was recorded on 01/19/24. SMA at 50 days reached $1.6688, while 200 days put it at $1.5703. A total of 0.41 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For PRPL Stock

The 24-hour chart illustrates a support level at 1.4667, which if violated will result in even more drops to 1.4133. On the upside, there is a resistance level at 1.5867. A further resistance level may holdings at 1.6533. The Relative Strength Index (RSI) on the 14-day chart is 44.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0190, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.78%. Stochastics %K at 21.15% indicates the stock is a holding.

The most recent change occurred on March 02, 2022 when KeyBanc Capital Markets resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $16.

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