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UBS Downgrades PJT Partners Inc (PJT) to a Sell from a Neutral

PJT Partners Inc’s recent filing unveils that its Director Rafferty Emily K unloaded Company’s shares for reported $0.22 million on Aug 01 ’24. In the deal valued at $130.79 per share,1,696 shares were sold. As a result of this transaction, Rafferty Emily K now holds 7,404 shares worth roughly $0.9 million.

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Then, EMILY RAFFERTY bought 1,696 shares, generating $221,812 in total proceeds.

Before that, Lee Ji-Yeun sold 10,000 shares. PJT Partners Inc shares valued at $1,072,750 were divested by the Managing Partner at a price of $107.27 per share. As a result of the transaction, Lee Ji-Yeun now holds 71,433 shares, worth roughly $8.69 million.

UBS downgraded its PJT Partners Inc [PJT] rating to a Sell from a a Neutral in a research note published on March 26, 2024; the price target was decreased to $75 from $100. Goldman also remained covering PJT and has decreased its forecast on January 09, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wolfe Research revised its rating on January 03, 2024. It rated PJT as “an Underperform” which previously was an “a Peer perform”.

Price Performance Review of PJT

On Tuesday, PJT Partners Inc [NYSE:PJT] saw its stock fall -2.99% to $121.70. Over the last five days, the stock has gained 1.97%. PJT Partners Inc shares have risen nearly 19.47% since the year began. Nevertheless, the stocks have risen 59.98% over the past one year. While a 52-week high of $136.90 was reached on 07/30/24, a 52-week low of $71.47 was recorded on 03/26/24. SMA at 50 days reached $115.15, while 200 days put it at $101.36.

Levels Of Support And Resistance For PJT Stock

The 24-hour chart illustrates a support level at 119.75, which if violated will result in even more drops to 117.80. On the upside, there is a resistance level at 124.78. A further resistance level may holdings at 127.87. The Relative Strength Index (RSI) on the 14-day chart is 52.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 67.29%. Stochastics%K at 40.62% indicates the stock is a holding.

How much short interest is there in PJT Partners Inc?

A steep rise in short interest was recorded in PJT Partners Inc stocks on 2024-07-31, dropping by -0.49 million shares to a total of 1.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.66 million shares. There was a decline of -41.71%, which implies that there is a negative sentiment for the stock.

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