Phunware Inc’s recent filing unveils that its Chief Executive Officer Snavely Michael unloaded Company’s shares for reported $34004.0 on Jul 12 ’24. In the deal valued at $5.67 per share,6,000 shares were sold. As a result of this transaction, Snavely Michael now holds 19,143 shares worth roughly $0.16 million.
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Then, Snavely Michael bought 3,814 shares, generating $22,426 in total proceeds. Upon buying the shares at $5.88, the Chief Executive Officer now owns 25,143 shares.
Before that, Snavely Michael sold 6,000 shares. Phunware Inc shares valued at $34,985 were divested by the Chief Executive Officer at a price of $5.83 per share. As a result of the transaction, Snavely Michael now holds 21,329 shares, worth roughly $0.18 million.
ROTH Capital initiated its Phunware Inc [PHUN] rating to a Buy in a research note published on May 11, 2021; the price target was $2.50. A number of analysts have revised their coverage, including Ascendiant Capital Markets’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating.
Price Performance Review of PHUN
On Monday, Phunware Inc [NASDAQ:PHUN] saw its stock jump 24.22% to $8.41. Over the last five days, the stock has gained 78.94%. Phunware Inc shares have risen nearly 105.12% since the year began. Nevertheless, the stocks have fallen -6.61% over the past one year. While a 52-week high of $24.50 was reached on 01/16/24, a 52-week low of $2.85 was recorded on 09/23/24. SMA at 50 days reached $3.81, while 200 days put it at $7.22.
Levels Of Support And Resistance For PHUN Stock
The 24-hour chart illustrates a support level at 7.15, which if violated will result in even more drops to 5.88. On the upside, there is a resistance level at 9.06. A further resistance level may holdings at 9.70. The Relative Strength Index (RSI) on the 14-day chart is 82.08, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.57%. Stochastics %K at 87.74% indicates the stock is a selling.
How much short interest is there in Phunware Inc?
A steep rise in short interest was recorded in Phunware Inc stocks on 2024-09-30, growing by 35932.0 shares to a total of 0.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.69 million shares. There was a rise of 4.94%, which implies that there is a positive sentiment for the stock.
