The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Proficient Auto Logistics Inc. shares valued at $379,600 were purchased by Gattoni James B on Aug 20 ’24. At $18.98 per share, Gattoni James B acquired 20,000 shares. The insider’s holdings grew to 20,000 shares worth approximately $0.31 million following the completion of this transaction.
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Also, Schraudenbach John purchased 10,000 shares, netting a total of over 150,000 in proceeds. Following the buying of shares at $15.00 each, the insider now holds 10,000 shares.
Before that, COL DOUGLAS L had added 10,000 shares to its account. In a trade valued at $150,000, the Director bought Proficient Auto Logistics Inc. shares for $15.00 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.45 million.
As published in their initiating research note from Barrington Research on July 17, 2024, Proficient Auto Logistics Inc. [PAL] has been an Outperform and the price target has been revised to $22. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in early June. As of June 03, 2024, Stifel has initiated its “Buy” rating for PAL. Earlier on June 03, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for PAL stock.
Analyzing PAL Stock Performance
During the last five days, there has been a drop of approximately -11.16%. Over the course of the year, Proficient Auto Logistics Inc. shares have jumped approximately 4.14%.
Support And Resistance Levels for Proficient Auto Logistics Inc. (PAL)
According to the 24-hour chart, there is a support level at 14.95, which, if violated, would cause prices to drop to 14.55. In the upper region, resistance lies at 15.88. The next price resistance is at 16.41. RSI (Relative Strength Index) is 27.05 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.01, which suggests the price will decrease in the coming days. Percent R is at 91.23%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
