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Recent Insider Activity Suggests Potential Gains for ePlus Inc (PLUS)

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In a filing, ePlus Inc revealed its Chief Financial Officer Marion Elaine D unloaded Company’s shares for reported $0.37 million on Jun 17 ’24. In the deal valued at $73.45 per share,5,000 shares were sold. As a result of this transaction, Marion Elaine D now holds 53,996 shares worth roughly $4.85 million.

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Then, RAIGUEL DARREN S sold 167 shares, generating $13,360 in total proceeds. Upon selling the shares at $80.00, the Chief Operating Officer now owns 33,123 shares.

Before that, RAIGUEL DARREN S sold 4,833 shares. ePlus Inc shares valued at $388,449 were divested by the Chief Operating Officer at a price of $80.37 per share. As a result of the transaction, RAIGUEL DARREN S now holds 33,290 shares, worth roughly $2.99 million.

Sidoti downgraded its ePlus Inc [PLUS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Sidoti also remained covering PLUS and has decreased its forecast on December 09, 2020 with a “Neutral” recommendation from previously “Buy” rating. Berenberg revised its rating on February 11, 2020. It rated PLUS as “a Buy” which previously was an “a Hold”.

Price Performance Review of PLUS

On Tuesday, ePlus Inc [NASDAQ:PLUS] saw its stock jump 4.31% to $89.75. Over the last five days, the stock has gained 12.31%. ePlus Inc shares have risen nearly 12.41% since the year began. Nevertheless, the stocks have risen 35.55% over the past one year. While a 52-week high of $93.48 was reached on 07/31/24, a 52-week low of $53.53 was recorded on 02/07/24. SMA at 50 days reached $78.86, while 200 days put it at $75.75.

Levels Of Support And Resistance For PLUS Stock

The 24-hour chart illustrates a support level at 87.72, which if violated will result in even more drops to 85.69. On the upside, there is a resistance level at 90.83. A further resistance level may holdings at 91.91. The Relative Strength Index (RSI) on the 14-day chart is 62.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.39%. Stochastics%K at 63.73% indicates the stock is a holding.

How much short interest is there in ePlus Inc?

A steep rise in short interest was recorded in ePlus Inc stocks on , growing by 0.1 million shares to a total of 0.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.69 million shares. There was a rise of 12.8%, which implies that there is a positive sentiment for the stock.

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