Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Phunware Inc shares valued at $34,004 were sold by Snavely Michael on Jul 12 ’24. At $5.67 per share, Snavely Michael sold 6,000 shares. The insider’s holdings dropped to 19,143 shares worth approximately $0.12 million following the completion of this transaction.
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Also, Snavely Michael purchased 3,814 shares, netting a total of over 22,426 in proceeds. Following the buying of shares at $5.88 each, the insider now holds 25,143 shares.
Before that, Snavely Michael had sold 6,000 shares from its account. In a trade valued at $34,985, the Chief Executive Officer traded Phunware Inc shares for $5.83 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $0.14 million.
As published in their initiating research note from ROTH Capital on May 11, 2021, Phunware Inc [PHUN] has been a Buy and the price target has been revised to $2.50. Analysts at Ascendiant Capital Markets started covering the stock with ‘”a Buy”‘ outlook in a report released in mid June.
Analyzing PHUN Stock Performance
During the last five days, there has been a drop of approximately -9.19%. Over the course of the year, Phunware Inc shares have jumped approximately 56.59%. Shares of the company reached a 52-week high of $24.49 on 01/16/24 and a 52-week low of $2.85 on 09/23/24. A 50-day SMA is recorded $5.14, while a 200-day SMA reached $7.11. Nevertheless, trading volume fell to 5.36 million shares from 20.29 million shares the previous day.
Support And Resistance Levels for Phunware Inc (PHUN)
According to the 24-hour chart, there is a support level at 6.07, which, if violated, would cause prices to drop to 5.72. In the upper region, resistance lies at 6.80. The next price resistance is at 7.19. RSI (Relative Strength Index) is 48.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.90, which suggests the price will decrease in the coming days. Percent R is at 95.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
