Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Payoneer Global Inc shares valued at $63,968 were sold by Galit Scott H. on May 07 ’24. At $5.23 per share, Galit Scott H. sold 12,221 shares. The insider’s holdings dropped to 2,451,171 shares worth approximately $14.41 million following the completion of this transaction.
Also, Galit Scott H. sold 191,283 shares, netting a total of over 928,067 in proceeds. Following the sale of shares at $4.85 each, the insider now holds 2,476,139 shares.
Before that, Galit Scott H. had sold 310,000 shares from its account. In a trade valued at $1,505,360, the Director traded Payoneer Global Inc shares for $4.86 each. Upon closing the transaction, the insider’s holdings decreased to 310,000 shares, worth approximately $15.68 million.
As published in their initiating research note from The Benchmark Company on February 13, 2024, Payoneer Global Inc [PAYO] has been a Buy and the price target has been revised to $7. Analysts at Berenberg started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of February 27, 2023, Jefferies has initiated its “Buy” rating for PAYO. Earlier on January 11, 2023, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for PAYO stock.
Analyzing PAYO Stock Performance
During the last five days, there has been a surge of approximately 18.79%. Over the course of the year, Payoneer Global Inc shares have jumped approximately 12.86%. Shares of the company reached a 52-week high of $5.93 on 05/08/24 and a 52-week low of $4.22 on 03/15/24. A 50-day SMA is recorded $4.81, while a 200-day SMA reached $5.32. Nevertheless, trading volume fell to 6.52 million shares from 4.36 million shares the previous day.
Support And Resistance Levels for Payoneer Global Inc (PAYO)
According to the 24-hour chart, there is a support level at 5.52, which, if violated, would cause prices to drop to 5.17. In the upper region, resistance lies at 6.08. The next price resistance is at 6.29. RSI (Relative Strength Index) is 80.11 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.35, which suggests the price will decrease in the coming days. Percent R is at 4.39%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
