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Selling Buzz: PJT Partners Inc [PJT] Managing Partner Lee Ji-Yeun sells 10,000 shares of the company

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PJT Partners Inc shares valued at $1,045,750 were sold by Lee Ji-Yeun on Mar 01 ’24. At $104.58 per share, Lee Ji-Yeun sold 10,000 shares. The insider’s holdings dropped to 73,421 shares worth approximately $6.87 million following the completion of this transaction.

Also, Meates Helen T sold 5,000 shares, netting a total of over 521,700 in proceeds. Following the sale of shares at $104.34 each, the insider now holds 43,821 shares.

Before that, Meates Helen T had sold 12,926 shares from its account. In a trade valued at $1,363,822, the Chief Financial Officer traded PJT Partners Inc shares for $105.51 each. Upon closing the transaction, the insider’s holdings decreased to 12,926 shares, worth approximately $4.57 million.

As published in a research note from UBS on March 26, 2024, PJT Partners Inc [PJT] has been rated down from a Neutral to a Sell and the price target has been revised to $75 from $100. As of January 09, 2024, Goldman has decreased its “Buy” rating to a “Neutral” for PJT. Earlier on January 03, 2024, Wolfe Research downgraded its rating. Their new recommendation was “an Underperform” for PJT stock which previously was a “a Peer perform”.

Analyzing PJT Stock Performance

During the last five days, there has been a drop of approximately -2.50%. Over the course of the year, PJT Partners Inc shares have dropped approximately -8.18%. Shares of the company reached a 52-week high of $107.35 on 02/29/24 and a 52-week low of $88.51 on 03/26/24. A 50-day SMA is recorded $96.90, while a 200-day SMA reached $88.66. Nevertheless, trading volume fell to 1.0 million shares from 0.24 million shares the previous day.

Support And Resistance Levels for PJT Partners Inc (PJT)

According to the 24-hour chart, there is a support level at 92.29, which, if violated, would cause prices to drop to 91.04. In the upper region, resistance lies at 95.57. The next price resistance is at 97.61. RSI (Relative Strength Index) is 44.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.69, which suggests the price will decrease in the coming days. Percent R is at 55.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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