The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Phreesia Inc shares valued at $20,836 were sold by Gunzburg Janet on Apr 18 ’24. At $22.85 per share, Gunzburg Janet sold 912 shares. The insider’s holdings dropped to 35,220 shares worth approximately $0.74 million following the completion of this transaction.
Also, Linetsky David sold 269 shares, netting a total of over 6,146 in proceeds. Following the sale of shares at $22.85 each, the insider now holds 7,087 shares.
Before that, Indig Chaim had sold 3,392 shares from its account. In a trade valued at $77,532, the Chief Executive Officer traded Phreesia Inc shares for $22.86 each. Upon closing the transaction, the insider’s holdings decreased to 3,392 shares, worth approximately $25.67 million.
As published in their initiating research note from Truist on February 26, 2024, Phreesia Inc [PHR] has been a Buy and the price target has been revised to $35. Analysts at DA Davidson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of January 03, 2024, Barclays has initiated its “an Overweight” rating for PHR. Earlier on April 12, 2023, Stephens initiated its rating. Their recommendation was “an Overweight” for PHR stock.
Analyzing PHR Stock Performance
During the last five days, there has been a drop of approximately -4.24%. Over the course of the year, Phreesia Inc shares have dropped approximately -9.24%. Shares of the company reached a 52-week high of $29.16 on 02/12/24 and a 52-week low of $20.20 on 04/30/24. A 50-day SMA is recorded $23.37, while a 200-day SMA reached $22.49. Nevertheless, trading volume fell to 0.39 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for Phreesia Inc (PHR)
According to the 24-hour chart, there is a support level at 20.57, which, if violated, would cause prices to drop to 20.14. In the upper region, resistance lies at 21.66. The next price resistance is at 22.32. RSI (Relative Strength Index) is 40.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.13, which suggests the price will decrease in the coming days. Percent R is at 77.99%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
