Palomar Holdings Inc’s filing revealed that its CEO and Chairman Armstrong Mac unloaded Company’s shares for reported $0.56 million on Apr 22 ’24. In the deal valued at $80.03 per share,7,000 shares were sold. As a result of this transaction, Armstrong Mac now holds 468,388 shares worth roughly $39.86 million.
Then, Christianson Jon sold 2,000 shares, generating $152,595 in total proceeds. Upon selling the shares at $76.30, the President now owns 57,761 shares.
Before that, Uchida T Christopher sold 1,000 shares. Palomar Holdings Inc shares valued at $76,296 were divested by the Chief Financial Officer at a price of $76.30 per share. As a result of the transaction, Uchida T Christopher now holds 25,344 shares, worth roughly $2.16 million.
JP Morgan downgraded its Palomar Holdings Inc [PLMR] rating to a Neutral from a an Overweight in a research note published on April 08, 2024; the price target was increased to $85 from $79. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid March from “a Hold” to “a Buy”. Keefe Bruyette also remained covering PLMR and has increased its forecast on May 16, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. Evercore ISI revised its rating on January 10, 2023. It rated PLMR as “an In-line” which previously was an “an Outperform”.
Price Performance Review of PLMR
On Tuesday, Palomar Holdings Inc [NASDAQ:PLMR] saw its stock jump 2.06% to $85.11. Over the last five days, the stock has gained 8.19%. Palomar Holdings Inc shares have risen nearly 53.35% since the year began. Nevertheless, the stocks have risen 66.88% over the past one year. While a 52-week high of $86.25 was reached on 03/18/24, a 52-week low of $46.09 was recorded on 01/02/24. SMA at 50 days reached $79.07, while 200 days put it at $62.48. A total of 0.22 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For PLMR Stock
The 24-hour chart illustrates a support level at 83.30, which if violated will result in even more drops to 81.50. On the upside, there is a resistance level at 86.58. A further resistance level may holdings at 88.06. The Relative Strength Index (RSI) on the 14-day chart is 65.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.34%. Stochastics %K at 83.48% indicates the stock is a selling.
The most recent change occurred on December 12, 2022 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $55 price target.
