While this happened, Itau BBA downgraded its PagSeguro Digital Ltd [PAGS] rating to a Market perform from a an Outperform in a research note published on A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early September from “an Equal-weight” to “an Underweight”. Goldman also remained covering PAGS and has increased its forecast on June 26, 2024 with a “Buy” recommendation from previously “Neutral” rating. Evercore ISI revised its rating on March 26, 2024. It rated PAGS as “an Outperform” which previously was an “an In-line”.
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Price Performance Review of PAGS
On Tuesday, PagSeguro Digital Ltd [NYSE:PAGS] saw its stock fall -0.40% to $7.56. Over the last five days, the stock has lost -11.16%. PagSeguro Digital Ltd shares have fallen nearly -39.37% since the year began. Nevertheless, the stocks have fallen -16.56% over the past one year. While a 52-week high of $14.98 was reached on 02/29/24, a 52-week low of $7.56 was recorded on 11/19/24. SMA at 50 days reached $8.44, while 200 days put it at $11.55.
Levels Of Support And Resistance For PAGS Stock
The 24-hour chart illustrates a support level at 7.38, which if violated will result in even more drops to 7.21. On the upside, there is a resistance level at 7.70. A further resistance level may holdings at 7.85. The Relative Strength Index (RSI) on the 14-day chart is 32.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.50%. Stochastics %K at 9.54% indicates the stock is a buying.
How much short interest is there in PagSeguro Digital Ltd?
A steep rise in short interest was recorded in PagSeguro Digital Ltd stocks on 2024-10-31, growing by 0.68 million shares to a total of 21.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 20.71 million shares. There was a rise of 3.17%, which implies that there is a positive sentiment for the stock.
