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Sidoti gives a Buy recommendation for Par Technology Corp. (PAR)

Par Technology Corp.’s recently made public that its Chief Financial Officer MENAR BRYAN A unloaded Company’s shares for reported $35163.0 on Apr 08 ’24. In the deal valued at $43.79 per share,803 shares were sold. As a result of this transaction, MENAR BRYAN A now holds 54,601 shares worth roughly $2.29 million.

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Then, Rauch Douglas Gregory sold 4,500 shares, generating $189,180 in total proceeds. Upon selling the shares at $42.04, the Director now owns 14,365 shares.

Before that, MENAR BRYAN A sold 6,069 shares. Par Technology Corp. shares valued at $254,461 were divested by the Chief Financial Officer at a price of $41.93 per share. As a result of the transaction, MENAR BRYAN A now holds 47,456 shares, worth roughly $1.99 million.

Sidoti upgraded its Par Technology Corp. [PAR] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in mid February with a ‘”a Hold”‘ rating. Sidoti also remained covering PAR and has decreased its forecast on January 29, 2024 with a “Neutral” recommendation from previously “Buy” rating. Stephens started covering the stock on October 17, 2023. It rated PAR as “an Equal-weight”.

Price Performance Review of PAR

On Friday, Par Technology Corp. [NYSE:PAR] saw its stock jump 1.25% to $42.01. Over the last five days, the stock has lost -6.00%. Par Technology Corp. shares have fallen nearly -3.51% since the year began. Nevertheless, the stocks have risen 38.10% over the past one year. While a 52-week high of $49.84 was reached on 01/26/24, a 52-week low of $24.76 was recorded on 05/09/24. SMA at 50 days reached $42.80, while 200 days put it at $40.84. A total of 0.53 million shares were traded, compared to the trading of 1.27 million shares in the previous session.

Levels Of Support And Resistance For PAR Stock

The 24-hour chart illustrates a support level at 40.34, which if violated will result in even more drops to 38.68. On the upside, there is a resistance level at 43.13. A further resistance level may holdings at 44.26. The Relative Strength Index (RSI) on the 14-day chart is 45.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.07%. Stochastics %K at 66.30% indicates the stock is a holding.

The most recent change occurred on July 26, 2023 when Lake Street began covering the stock and recommended ‘”a Buy”‘ rating along with a $39 price target.

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