Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Proficient Auto Logistics Inc. shares valued at $150,000 were purchased by Schraudenbach John on May 13 ’24. At $15.00 per share, Schraudenbach John acquired 10,000 shares. The insider’s holdings grew to 10,000 shares worth approximately $0.17 million following the completion of this transaction.
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Also, COL DOUGLAS L purchased 10,000 shares, netting a total of over 150,000 in proceeds. Following the buying of shares at $15.00 each, the insider now holds 29,125 shares.
Before that, Wright Bradley J. had added 4,000 shares to its account. In a trade valued at $60,000, the Chief Financial Officer bought Proficient Auto Logistics Inc. shares for $15.00 each. Upon closing the transaction, the insider’s holdings increased to 4,000 shares, worth approximately $68000.0.
As published in their initiating research note from William Blair on June 03, 2024, Proficient Auto Logistics Inc. [PAL] has been an Outperform. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in early June. As of June 03, 2024, Raymond James has initiated its “an Outperform” rating for PAL.
Analyzing PAL Stock Performance
During the last five days, there has been a surge of approximately 1.61%. Over the course of the year, Proficient Auto Logistics Inc. shares have jumped approximately 15.25%.
Support And Resistance Levels for Proficient Auto Logistics Inc. (PAL)
According to the 24-hour chart, there is a support level at 16.67, which, if violated, would cause prices to drop to 16.37. In the upper region, resistance lies at 17.14. The next price resistance is at 17.31. RSI (Relative Strength Index) is 70.80 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.63, which suggests the price will decrease in the coming days. Percent R is at 0.80%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
