PennyMac Financial Services Inc.’s recently made public that its Director Hunt James K unloaded Company’s shares for reported $1.02 million on Aug 27 ’24. In the deal valued at $102.42 per share,10,000 shares were sold. As a result of this transaction, Hunt James K now holds 26,821 shares worth roughly $2.88 million.
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Then, MCCALLION ANNE sold 23,829 shares, generating $2,457,613 in total proceeds. Upon selling the shares at $103.14, the Director now owns 1,854 shares.
Before that, MCCALLION ANNE bought 23,829 shares. PennyMac Financial Services Inc. shares valued at $2,457,614 were divested by the Director at a price of $103.14 per share.
Keefe Bruyette downgraded its PennyMac Financial Services Inc. [PFSI] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in early April from “a Mkt perform” to “an Outperform”. Deutsche Bank began covering PFSI with “Buy” recommendation on January 10, 2024. Keefe Bruyette revised its rating on January 10, 2024. It rated PFSI as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of PFSI
On Tuesday, PennyMac Financial Services Inc. [NYSE:PFSI] saw its stock jump 0.09% to $107.52. Over the last five days, the stock has gained 1.46%. PennyMac Financial Services Inc. shares have risen nearly 21.67% since the year began. Nevertheless, the stocks have risen 55.15% over the past one year. While a 52-week high of $109.34 was reached on 09/05/24, a 52-week low of $62.15 was recorded on 01/18/24. SMA at 50 days reached $99.39, while 200 days put it at $90.88.
Levels Of Support And Resistance For PFSI Stock
The 24-hour chart illustrates a support level at 106.37, which if violated will result in even more drops to 105.22. On the upside, there is a resistance level at 108.85. A further resistance level may holdings at 110.18. The Relative Strength Index (RSI) on the 14-day chart is 65.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.05%. Stochastics %K at 81.56% indicates the stock is a selling.
How much short interest is there in PennyMac Financial Services Inc.?
A steep rise in short interest was recorded in PennyMac Financial Services Inc. stocks on 2024-08-15, growing by 0.18 million shares to a total of 1.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.06 million shares. There was a rise of 14.85%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 06, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $85 price target.
