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Raymond James Downgrades PowerSchool Holdings Inc (PWSC) to a Mkt perform from an Outperform

In a filing, PowerSchool Holdings Inc revealed its President, CFO Shander Eric Ryan unloaded Company’s shares for reported $36000.0 on Jun 10 ’24. In the deal valued at $22.50 per share,1,600 shares were sold. As a result of this transaction, Shander Eric Ryan now holds 508,150 shares worth roughly $11.34 million.

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Then, KENDER ANTHONY sold 6,165 shares, generating $137,048 in total proceeds. Upon selling the shares at $22.23, the Chief Revenue Officer now owns 253,607 shares.

Before that, Studer Fred sold 5,449 shares. PowerSchool Holdings Inc shares valued at $121,131 were divested by the Chief Marketing Officer at a price of $22.23 per share. As a result of the transaction, Studer Fred now holds 187,441 shares, worth roughly $4.18 million.

Raymond James downgraded its PowerSchool Holdings Inc [PWSC] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Macquarie’s analysts, who decreased its forecast for the stock in early June from “an Outperform” to “a Neutral”. Goldman also remained covering PWSC and has increased its forecast on April 18, 2023 with a “Buy” recommendation from previously “Neutral” rating. Raymond James revised its rating on March 20, 2023. It rated PWSC as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of PWSC

On Monday, PowerSchool Holdings Inc [NYSE:PWSC] saw its stock jump 0.04% to $22.31. Over the last five days, the stock has lost -0.13%. PowerSchool Holdings Inc shares have fallen nearly -5.31% since the year began. Nevertheless, the stocks have risen 14.00% over the past one year. While a 52-week high of $25.16 was reached on 02/06/24, a 52-week low of $16.15 was recorded on 05/07/24. SMA at 50 days reached $19.74, while 200 days put it at $21.64. A total of 5.62 million shares were traded, compared to the trading of 3.86 million shares in the previous session.

Levels Of Support And Resistance For PWSC Stock

The 24-hour chart illustrates a support level at 22.29, which if violated will result in even more drops to 22.28. On the upside, there is a resistance level at 22.33. A further resistance level may holdings at 22.36. The Relative Strength Index (RSI) on the 14-day chart is 72.13, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.09%. Stochastics %K at 86.39% indicates the stock is a selling.

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