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Recent Insider Activity Suggests Potential Gains for PRA Group Inc (PRAA)

PRA Group Inc’s recently made public that its President and CEO Atal Vikram A unloaded Company’s shares for reported $0.14 million on Apr 15 ’24. In the deal valued at $24.39 per share,5,830 shares were sold. As a result of this transaction, Atal Vikram A now holds 155,625 shares worth roughly $3.9 million.

Then, FREDRICKSON STEVEN D bought 26,000 shares, generating $502,060 in total proceeds. Upon buying the shares at $19.31, the Chairman now owns 139,709 shares.

Before that, Connelly Marjorie Mary bought 7,425 shares. PRA Group Inc shares valued at $149,985 were divested by the Director at a price of $20.20 per share. As a result of the transaction, Connelly Marjorie Mary now holds 29,512 shares, worth roughly $0.74 million.

JMP Securities upgraded its PRA Group Inc [PRAA] rating to a Mkt outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in mid April from “a Mkt perform” to “an Outperform”. Buckingham Research began covering PRAA with “Neutral” recommendation on January 03, 2019. Raymond James revised its rating on February 28, 2018. It rated PRAA as “a Mkt perform” which previously was an “an Underperform”.

Price Performance Review of PRAA

On Tuesday, PRA Group Inc [NASDAQ:PRAA] saw its stock fall -1.14% to $25.04. Over the last five days, the stock has gained 5.25%. PRA Group Inc shares have fallen nearly -4.43% since the year began. Nevertheless, the stocks have fallen -27.84% over the past one year. While a 52-week high of $34.89 was reached on 02/16/24, a 52-week low of $11.85 was recorded on 01/17/24. SMA at 50 days reached $24.72, while 200 days put it at $21.66. A total of 0.39 million shares were traded, compared to the trading of 0.2 million shares in the previous session.

Levels Of Support And Resistance For PRAA Stock

The 24-hour chart illustrates a support level at 23.67, which if violated will result in even more drops to 22.29. On the upside, there is a resistance level at 27.53. A further resistance level may holdings at 30.01. The Relative Strength Index (RSI) on the 14-day chart is 53.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.06%. Stochastics %K at 68.98% indicates the stock is a holding.

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