PubMatic Inc’s recently made public that its PRESIDENT, ENGINEERING Kumar Mukul unloaded Company’s shares for reported $0.16 million on May 16 ’24. In the deal valued at $23.02 per share,7,000 shares were sold. As a result of this transaction, Kumar Mukul now holds 30,958 shares worth roughly $0.74 million.
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Then, Goel Amar K. sold 7,815 shares, generating $192,804 in total proceeds. Upon selling the shares at $24.67, the CHAIRMAN, CHIEF INNOVATION OFF now owns 0 shares.
Before that, Goel Amar K. sold 2,200 shares. PubMatic Inc shares valued at $53,904 were divested by the CHAIRMAN, CHIEF INNOVATION OFF at a price of $24.50 per share. As a result of the transaction, Goel Amar K. now holds 0 shares, worth roughly $0.0.
A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Perform”. Macquarie also remained covering PUBM and has decreased its forecast on August 09, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. B. Riley Securities started covering the stock on April 13, 2023. It rated PUBM as “a Buy”.
Price Performance Review of PUBM
On Friday, PubMatic Inc [NASDAQ:PUBM] saw its stock jump 4.53% to $23.75. Over the last five days, the stock has lost -1.12%. PubMatic Inc shares have risen nearly 45.62% since the year began. Nevertheless, the stocks have risen 38.24% over the past one year. While a 52-week high of $25.36 was reached on 05/08/24, a 52-week low of $10.92 was recorded on 01/17/24. SMA at 50 days reached $23.04, while 200 days put it at $16.92. A total of 0.84 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For PUBM Stock
The 24-hour chart illustrates a support level at 22.90, which if violated will result in even more drops to 22.06. On the upside, there is a resistance level at 24.39. A further resistance level may holdings at 25.04. The Relative Strength Index (RSI) on the 14-day chart is 56.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.26%. Stochastics %K at 38.84% indicates the stock is a holding.
