Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Provident Financial Services Inc shares valued at $117,018 were sold by Giannola Vito on Aug 21 ’24. At $18.00 per share, Giannola Vito sold 6,501 shares. The insider’s holdings dropped to 82,155 shares worth approximately $1.57 million following the completion of this transaction.
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Also, Giannola Vito sold 5,499 shares, netting a total of over 99,467 in proceeds. Following the sale of shares at $18.09 each, the insider now holds 88,656 shares.
Before that, Giannola Vito had added 12,000 shares to its account. In a trade valued at $217,800, the Officer bought Provident Financial Services Inc shares for $18.15 each.
As published in a research note from Keefe Bruyette on August 15, 2024, Provident Financial Services Inc [PFS] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $21 from $20. Analysts at DA Davidson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late April. As of August 22, 2023, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for PFS. Earlier on August 19, 2022, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for PFS stock which previously was a “an Overweight”.
Analyzing PFS Stock Performance
During the last five days, there has been a drop of approximately -3.35%. Over the course of the year, Provident Financial Services Inc shares have jumped approximately 5.77%. Shares of the company reached a 52-week high of $19.97 on 10/15/24 and a 52-week low of $13.07 on 06/26/24. A 50-day SMA is recorded $18.50, while a 200-day SMA reached $16.22. Nevertheless, trading volume fell to 0.6 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Provident Financial Services Inc (PFS)
According to the 24-hour chart, there is a support level at 18.79, which, if violated, would cause prices to drop to 18.52. In the upper region, resistance lies at 19.21. The next price resistance is at 19.36. RSI (Relative Strength Index) is 55.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 39.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
