In a filing, Patrick Industries, Inc revealed its President-RV Rodino Jeff unloaded Company’s shares for reported $2.63 million on Sep 12 ’24. In the deal valued at $131.37 per share,20,000 shares were sold. As a result of this transaction, Rodino Jeff now holds 139,109 shares worth roughly $16.1 million.
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Then, Cleveland Todd M sold 7,500 shares, generating $982,884 in total proceeds. Upon selling the shares at $131.05, the Director now owns 82,374 shares.
Before that, Cleveland Todd M sold 2,500 shares. Patrick Industries, Inc shares valued at $338,698 were divested by the Director at a price of $135.48 per share. As a result of the transaction, Cleveland Todd M now holds 79,874 shares, worth roughly $9.25 million.
Raymond James initiated its Patrick Industries, Inc [PATK] rating to an Outperform in a research note published on October 01, 2024; the price target was $160. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. BMO Capital Markets began covering PATK with “an Outperform” recommendation on December 07, 2023. KeyBanc Capital Markets started covering the stock on April 19, 2023. It rated PATK as “an Overweight”.
Price Performance Review of PATK
On Friday, Patrick Industries, Inc [NASDAQ:PATK] saw its stock fall -8.10% to $115.77. Over the last five days, the stock has lost -13.98%. Patrick Industries, Inc shares have risen nearly 15.37% since the year began. Nevertheless, the stocks have risen 49.90% over the past one year. While a 52-week high of $148.35 was reached on 10/04/24, a 52-week low of $74.72 was recorded on 01/17/24. SMA at 50 days reached $136.71, while 200 days put it at $118.57.
Levels Of Support And Resistance For PATK Stock
The 24-hour chart illustrates a support level at 111.18, which if violated will result in even more drops to 106.59. On the upside, there is a resistance level at 124.16. A further resistance level may holdings at 132.56. The Relative Strength Index (RSI) on the 14-day chart is 22.09, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.52%. Stochastics %K at 6.11% indicates the stock is a buying.
How much short interest is there in Patrick Industries, Inc?
A steep rise in short interest was recorded in Patrick Industries, Inc stocks on 2024-10-15, dropping by -0.29 million shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.75 million shares. There was a decline of -19.83%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 26, 2022 when DA Davidson began covering the stock and recommended ‘”a Neutral”‘ rating along with a $65 price target.
