Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Phreesia Inc shares valued at $22,539 were sold by Linetsky David on Oct 18 ’24. At $20.49 per share, Linetsky David sold 1,100 shares. The insider’s holdings dropped to 200,207 shares worth approximately $3.71 million following the completion of this transaction.
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Also, Linetsky David purchased 1,100 shares, netting a total of over 22,539 in proceeds.
Before that, Gandhi Balaji had sold 864 shares from its account. In a trade valued at $18,166, the Chief Financial Officer traded Phreesia Inc shares for $21.03 each. Upon closing the transaction, the insider’s holdings decreased to 864 shares, worth approximately $1.81 million.
As published in their initiating research note from Truist on February 26, 2024, Phreesia Inc [PHR] has been a Buy and the price target has been revised to $35. Analysts at DA Davidson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of January 03, 2024, Barclays has initiated its “an Overweight” rating for PHR. Earlier on April 12, 2023, Stephens initiated its rating. Their recommendation was “an Overweight” for PHR stock.
Analyzing PHR Stock Performance
During the last five days, there has been a drop of approximately -17.17%. Over the course of the year, Phreesia Inc shares have dropped approximately -20.00%. Shares of the company reached a 52-week high of $29.16 on 02/12/24 and a 52-week low of $17.07 on 11/15/24. A 50-day SMA is recorded $20.99, while a 200-day SMA reached $22.55. Nevertheless, trading volume fell to 0.65 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Phreesia Inc (PHR)
According to the 24-hour chart, there is a support level at 18.01, which, if violated, would cause prices to drop to 17.50. In the upper region, resistance lies at 18.80. The next price resistance is at 19.08. RSI (Relative Strength Index) is 40.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.32, which suggests the price will decrease in the coming days. Percent R is at 73.30%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
