ePlus Inc’s recently made public that its Director Callies John E unloaded Company’s shares for reported $0.1 million on Aug 26 ’24. In the deal valued at $95.68 per share,1,050 shares were sold. As a result of this transaction, Callies John E now holds 19,443 shares worth roughly $1.87 million.
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Then, Callies John E bought 1,050 shares, generating $100,464 in total proceeds.
Before that, FAULDERS C THOMAS III sold 2,000 shares. ePlus Inc shares valued at $186,260 were divested by the Director at a price of $93.13 per share. As a result of the transaction, FAULDERS C THOMAS III now holds 44,341 shares, worth roughly $4.25 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 Friday, ePlus Inc [NASDAQ:PLUS] saw its stock jump 1.23% to $95.96. Over the last five days, the stock has gained 0.47%. ePlus Inc shares have risen nearly 20.19% since the year began. Nevertheless, the stocks have risen 43.50% over the past one year. While a 52-week high of $96.81 was reached on 08/26/24, a 52-week low of $53.53 was recorded on 02/07/24. SMA at 50 days reached $83.88, while 200 days put it at $77.78.
Levels Of Support And Resistance For PLUS Stock
The 24-hour chart illustrates a support level at 94.87, which if violated will result in even more drops to 93.78. On the upside, there is a resistance level at 96.83. A further resistance level may holdings at 97.70. The Relative Strength Index (RSI) on the 14-day chart is 65.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.47%. Stochastics %K at 84.01% indicates the stock is a selling.
How much short interest is there in ePlus Inc?
A steep rise in short interest was recorded in ePlus Inc stocks on 2024-08-15, growing by 99181.0 shares to a total of 0.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.72 million shares. There was a rise of 12.17%, which implies that there is a positive sentiment for the stock.
