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. Par Technology Corp. shares valued at $160,830 were sold by Rauch Douglas Gregory on Aug 28 ’24. At $53.61 per share, Rauch Douglas Gregory sold 3,000 shares. The insider’s holdings dropped to 14,760 shares worth approximately $0.88 million following the completion of this transaction.
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Also, DOUGLAS RAUCH purchased 3,000 shares, netting a total of over 160,830 in proceeds.
Before that, MENAR BRYAN A had sold 803 shares from its account. In a trade valued at $35,163, the Chief Financial Officer traded Par Technology Corp. shares for $43.79 each. Upon closing the transaction, the insider’s holdings decreased to 803 shares, worth approximately $3.25 million.
As published in a research note from Jefferies on August 12, 2024, Par Technology Corp. [PAR] has been rated up from a Hold to a Buy and the price target has been revised to $60 from $45. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid June. As of May 22, 2024, The Benchmark Company has increased its “Hold” rating to a “Buy” for PAR. Earlier on March 12, 2024, Sidoti upgraded its rating. Their new recommendation was “a Buy” for PAR stock which previously was a “a Neutral”.
Analyzing PAR Stock Performance
During the last five days, there has been a surge of approximately 6.30%. Over the course of the year, Par Technology Corp. shares have jumped approximately 36.84%. Shares of the company reached a 52-week high of $59.68 on 10/16/24 and a 52-week low of $37.74 on 05/09/24. A 50-day SMA is recorded $53.87, while a 200-day SMA reached $47.32. Nevertheless, trading volume fell to 0.62 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Par Technology Corp. (PAR)
According to the 24-hour chart, there is a support level at 57.73, which, if violated, would cause prices to drop to 55.89. In the upper region, resistance lies at 60.55. The next price resistance is at 61.53. RSI (Relative Strength Index) is 69.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.35, which suggests the price will increase in the coming days. Percent R is at 0.97%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
