Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PubMatic Inc shares valued at $460,040 were purchased by MUKUL KUMAR on Nov 13 ’24. At $16.43 per share, MUKUL KUMAR acquired 28,000 shares.
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Also, Goel Rajeev K. sold 19,892 shares, netting a total of over 287,298 in proceeds. Following the sale of shares at $14.44 each, the insider now holds 4,330 shares.
Before that, Goel Rajeev K. had sold 5,108 shares from its account. In a trade valued at $74,519, the CHIEF EXECUTIVE OFFICER traded PubMatic Inc shares for $14.59 each. Upon closing the transaction, the insider’s holdings decreased to 5,108 shares, worth approximately $0.0.
As published in a research note from Evercore ISI on November 13, 2024, PubMatic Inc [PUBM] has been retained to an Outperform and the price target has been revised to $22. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early August. As of July 16, 2024, Wolfe Research has initiated its “an Outperform” rating for PUBM.
Analyzing PUBM Stock Performance
During the last five days, there has been a surge of approximately 2.65%. Over the course of the year, PubMatic Inc shares have dropped approximately -0.31%. Shares of the company reached a 52-week high of $25.36 on 05/08/24 and a 52-week low of $13.18 on 08/09/24. A 50-day SMA is recorded $14.90, while a 200-day SMA reached $18.95. Nevertheless, trading volume fell to 1.1 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for PubMatic Inc (PUBM)
According to the 24-hour chart, there is a support level at 15.06, which, if violated, would cause prices to drop to 13.86. In the upper region, resistance lies at 17.60. The next price resistance is at 18.94. RSI (Relative Strength Index) is 61.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.96, which suggests the price will decrease in the coming days. Percent R is at 42.90%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
