Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Payoneer Global Inc shares valued at $77,400,000 were sold by Technology Crossover Managemen on Nov 11 ’24. At $10.32 per share, Technology Crossover Managemen sold 7,500,000 shares. The insider’s holdings dropped to 34,197,116 shares worth approximately $353.26 million following the completion of this transaction.
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Also, TCV VIII, L.P. purchased 5,337,335 shares, netting a total of over 57,696,591 in proceeds.
Before that, TCV VIII (B), L.P. had added 331,491 shares to its account. In a trade valued at $3,583,418, the Affiliate bought Payoneer Global Inc shares for $10.81 each.
As published in a research note from Needham on October 07, 2024, Payoneer Global Inc [PAYO] has been retained to a Buy and the price target has been revised to $10. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in mid February. As of July 11, 2023, Berenberg has initiated its “Buy” rating for PAYO. Earlier on February 27, 2023, Jefferies initiated its rating. Their recommendation was “a Buy” for PAYO stock.
Analyzing PAYO Stock Performance
During the last five days, there has been a drop of approximately -3.28%. Over the course of the year, Payoneer Global Inc shares have jumped approximately 98.27%. Shares of the company reached a 52-week high of $10.90 on 11/08/24 and a 52-week low of $4.22 on 03/15/24. A 50-day SMA is recorded $8.27, while a 200-day SMA reached $6.19. Nevertheless, trading volume fell to 3.0 million shares from 6.23 million shares the previous day.
Support And Resistance Levels for Payoneer Global Inc (PAYO)
According to the 24-hour chart, there is a support level at 10.16, which, if violated, would cause prices to drop to 9.98. In the upper region, resistance lies at 10.46. The next price resistance is at 10.59. RSI (Relative Strength Index) is 72.63 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.77, which suggests the price will decrease in the coming days. Percent R is at 22.62%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
