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ePlus Inc [PLUS] stock for 367,239 USD was sold by Marion Elaine D

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ePlus Inc shares valued at $367,239 were sold by Marion Elaine D on Jun 17 ’24. At $73.45 per share, Marion Elaine D sold 5,000 shares. The insider’s holdings dropped to 53,996 shares worth approximately $3.99 million following the completion of this transaction.

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Also, RAIGUEL DARREN S sold 167 shares, netting a total of over 13,360 in proceeds. Following the sale of shares at $80.00 each, the insider now holds 33,123 shares.

Before that, RAIGUEL DARREN S had sold 4,833 shares from its account. In a trade valued at $388,449, the Chief Operating Officer traded ePlus Inc shares for $80.37 each. Upon closing the transaction, the insider’s holdings decreased to 4,833 shares, worth approximately $2.46 million.

As published in a research note from Sidoti on January 08, 2024, ePlus Inc [PLUS] has been rated down from a Buy to a Neutral and the price target has been revised to $83. Analysts at Sidoti upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of December 09, 2020, Sidoti has decreased its “Buy” rating to a “Neutral” for PLUS. Earlier on February 11, 2020, Berenberg upgraded its rating. Their new recommendation was “a Buy” for PLUS stock which previously was a “a Hold”.

Analyzing PLUS Stock Performance

During the last five days, there has been a surge of approximately 2.77%. Over the course of the year, ePlus Inc shares have dropped approximately -7.43%. Shares of the company reached a 52-week high of $83.57 on 02/29/24 and a 52-week low of $56.33 on 02/07/24. A 50-day SMA is recorded $76.23, while a 200-day SMA reached $73.13. Nevertheless, trading volume fell to 60506.0 shares from 0.16 million shares the previous day.

Support And Resistance Levels for ePlus Inc (PLUS)

According to the 24-hour chart, there is a support level at 73.02, which, if violated, would cause prices to drop to 72.60. In the upper region, resistance lies at 74.08. The next price resistance is at 74.73. RSI (Relative Strength Index) is 47.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.30, which suggests the price will decrease in the coming days. Percent R is at 46.63%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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