The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Planet Labs PBC shares valued at $2,530 were sold by Johnson Ashley F. on Apr 01 ’24. At $2.53 per share, Johnson Ashley F. sold 1,000 shares. The insider’s holdings dropped to 1,957,012 shares worth approximately $5.87 million following the completion of this transaction.
Also, Johnson Ashley F. sold 1,000 shares, netting a total of over 2,180 in proceeds. Following the sale of shares at $2.18 each, the insider now holds 838,882 shares.
Before that, Johnson Ashley F. had sold 1,000 shares from its account. In a trade valued at $2,310, the CFO & COO traded Planet Labs PBC shares for $2.31 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.53 million.
As published in a research note from Needham on September 06, 2024, Planet Labs PBC [PL] has been retained to a Buy and the price target has been revised to $5. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early December. As of May 02, 2023, JMP Securities has initiated its “Mkt outperform” rating for PL. Earlier on April 18, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for PL stock.
Analyzing PL Stock Performance
During the last five days, there has been a surge of approximately 21.46%. Over the course of the year, Planet Labs PBC shares have jumped approximately 21.46%. Shares of the company reached a 52-week high of $3.19 on 11/13/24 and a 52-week low of $1.67 on 04/30/24. A 50-day SMA is recorded $2.25, while a 200-day SMA reached $2.15. Nevertheless, trading volume fell to 7.91 million shares from 1.79 million shares the previous day.
Support And Resistance Levels for Planet Labs PBC (PL)
According to the 24-hour chart, there is a support level at 2.73, which, if violated, would cause prices to drop to 2.46. In the upper region, resistance lies at 3.23. The next price resistance is at 3.46. RSI (Relative Strength Index) is 77.61 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 18.91%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
