Phunware Inc’s filing revealed that its Chief Executive Officer Snavely Michael unloaded Company’s shares for reported $34004.0 on Jul 12 ’24. In the deal valued at $5.67 per share,6,000 shares were sold. As a result of this transaction, Snavely Michael now holds 19,143 shares worth roughly $91120.68.
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Then, Snavely Michael bought 3,814 shares, generating $22,426 in total proceeds. Upon buying the shares at $5.88, the Chief Executive Officer now owns 25,143 shares.
Before that, Snavely Michael sold 6,000 shares. Phunware Inc shares valued at $34,985 were divested by the Chief Executive Officer at a price of $5.83 per share. As a result of the transaction, Snavely Michael now holds 21,329 shares, worth roughly $0.1 million.
H.C. Wainwright downgraded its Phunware Inc [PHUN] rating to a Neutral from a a Buy in a research note published on November 12, 2024; the price target was decreased to $6 from $9. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Ascendiant Capital Markets began covering PHUN with “Buy” recommendation on June 16, 2020.
Price Performance Review of PHUN
On Monday, Phunware Inc [NASDAQ:PHUN] saw its stock jump 6.85% to $4.76. Over the last five days, the stock has lost -20.53%. Phunware Inc shares have risen nearly 16.10% since the year began. Nevertheless, the stocks have fallen -31.26% over the past one year. While a 52-week high of $24.50 was reached on 01/16/24, a 52-week low of $2.85 was recorded on 09/23/24. SMA at 50 days reached $5.40, while 200 days put it at $6.74.
Levels Of Support And Resistance For PHUN Stock
The 24-hour chart illustrates a support level at 4.27, which if violated will result in even more drops to 3.77. On the upside, there is a resistance level at 5.07. A further resistance level may holdings at 5.37. The Relative Strength Index (RSI) on the 14-day chart is 43.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.64%. Stochastics %K at 5.74% indicates the stock is a buying.
How much short interest is there in Phunware Inc?
A steep rise in short interest was recorded in Phunware Inc stocks on 2024-10-31, growing by 0.7 million shares to a total of 1.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.73 million shares. There was a rise of 49.13%, which implies that there is a positive sentiment for the stock.
