PennyMac Financial Services Inc.’s filing revealed that its Director MAZZELLA JOSEPH F unloaded Company’s shares for reported $1.49 million on May 03 ’24. In the deal valued at $90.73 per share,16,465 shares were sold. As a result of this transaction, MAZZELLA JOSEPH F now holds 116,546 shares worth roughly $10.73 million.
Then, SPECTOR DAVID sold 10,000 shares, generating $907,209 in total proceeds. Upon selling the shares at $90.72, the Chairman & CEO now owns 250,604 shares.
Before that, STARK DEREK sold 5,255 shares. PennyMac Financial Services Inc. shares valued at $470,007 were divested by the Chief Legal Officer at a price of $89.44 per share. As a result of the transaction, STARK DEREK now holds 27,084 shares, worth roughly $2.49 million.
Keefe Bruyette upgraded its PennyMac Financial Services Inc. [PFSI] rating to an Outperform from a a Mkt perform in a research note published on April 09, 2024; the price target was increased to $105 from $100. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early January with a ‘”a Buy”‘ rating. Keefe Bruyette also remained covering PFSI and has decreased its forecast on January 10, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. UBS started covering the stock on December 06, 2023. It rated PFSI as “a Neutral”.
Price Performance Review of PFSI
On Tuesday, PennyMac Financial Services Inc. [NYSE:PFSI] saw its stock fall -0.85% to $92.10. Over the last five days, the stock has gained 7.54%. PennyMac Financial Services Inc. shares have risen nearly 4.22% since the year began. Nevertheless, the stocks have risen 57.49% over the past one year. While a 52-week high of $94.78 was reached on 02/02/24, a 52-week low of $56.16 was recorded on 01/18/24. SMA at 50 days reached $88.02, while 200 days put it at $79.79. A total of 0.27 million shares were traded, compared to the trading of 0.26 million shares in the previous session.
Levels Of Support And Resistance For PFSI Stock
The 24-hour chart illustrates a support level at 91.48, which if violated will result in even more drops to 90.86. On the upside, there is a resistance level at 93.14. A further resistance level may holdings at 94.17. The Relative Strength Index (RSI) on the 14-day chart is 58.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.95%. Stochastics %K at 82.45% indicates the stock is a selling.
The most recent change occurred on November 15, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $82 price target.
