PubMatic Inc’s recent filing unveils that its CHIEF EXECUTIVE OFFICER Goel Rajeev K. unloaded Company’s shares for reported $0.29 million on Nov 04 ’24. In the deal valued at $14.44 per share,19,892 shares were sold. As a result of this transaction, Goel Rajeev K. now holds 4,330 shares worth roughly $67591.3.
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Then, Goel Rajeev K. sold 5,108 shares, generating $74,519 in total proceeds. Upon selling the shares at $14.59, the CHIEF EXECUTIVE OFFICER now owns 0 shares.
Before that, Pantelick Steven sold 4,000 shares. PubMatic Inc shares valued at $57,801 were divested by the CHIEF FINANCIAL OFFICER at a price of $14.45 per share. As a result of the transaction, Pantelick Steven now holds 22,506 shares, worth roughly $0.35 million.
Raymond James downgraded its PubMatic Inc [PUBM] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. Oppenheimer revised its rating on August 09, 2023. It rated PUBM as “a Perform” which previously was an “an Outperform”.
Price Performance Review of PUBM
On Friday, PubMatic Inc [NASDAQ:PUBM] saw its stock fall -2.92% to $15.61. Over the last five days, the stock has gained 6.77%. PubMatic Inc shares have fallen nearly -4.29% since the year began. Nevertheless, the stocks have risen 29.01% over the past one year. While a 52-week high of $25.36 was reached on 05/08/24, a 52-week low of $11.94 was recorded on 08/09/24. SMA at 50 days reached $14.83, while 200 days put it at $18.94.
Levels Of Support And Resistance For PUBM Stock
The 24-hour chart illustrates a support level at 15.41, which if violated will result in even more drops to 15.20. On the upside, there is a resistance level at 15.91. A further resistance level may holdings at 16.20. The Relative Strength Index (RSI) on the 14-day chart is 56.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.26%. Stochastics %K at 89.04% indicates the stock is a selling.
How much short interest is there in PubMatic Inc?
A steep rise in short interest was recorded in PubMatic Inc stocks on 2024-10-15, growing by 53362.0 shares to a total of 1.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.34 million shares. There was a rise of 3.82%, which implies that there is a positive sentiment for the stock.
