PennyMac Financial Services Inc’s recent filing unveils that its MD, Chief Accounting Officer Hendry Gregory L unloaded Company’s shares for reported $0.31 million on Nov 20 ’24. In the deal valued at $102.09 per share,3,032 shares were sold. As a result of this transaction, Hendry Gregory L now holds 48,040 shares worth roughly $5.18 million.
Then, Hendry Gregory L bought 3,032 shares, generating $309,547 in total proceeds.
Before that, Perotti Daniel Stanley sold 10,500 shares. PennyMac Financial Services Inc shares valued at $1,050,210 were divested by the Chief Financial Officer at a price of $100.02 per share. As a result of the transaction, Perotti Daniel Stanley now holds 225,497 shares, worth roughly $24.31 million.
Keefe Bruyette downgraded its PennyMac Financial Services Inc [PFSI] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in early April from “a Mkt perform” to “an Outperform”. Deutsche Bank began covering PFSI with “Buy” recommendation on January 10, 2024. Keefe Bruyette revised its rating on January 10, 2024. It rated PFSI as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of PFSI
On Monday, PennyMac Financial Services Inc [NYSE:PFSI] saw its stock jump 2.05% to $107.79. Over the last five days, the stock has gained 5.18%. PennyMac Financial Services Inc shares have risen nearly 21.98% since the year began. Nevertheless, the stocks have risen 39.44% over the past one year. While a 52-week high of $119.13 was reached on 09/18/24, a 52-week low of $76.57 was recorded on 01/18/24. SMA at 50 days reached $106.58, while 200 days put it at $96.67.
Levels Of Support And Resistance For PFSI Stock
The 24-hour chart illustrates a support level at 106.43, which if violated will result in even more drops to 105.06. On the upside, there is a resistance level at 109.06. A further resistance level may holdings at 110.32. The Relative Strength Index (RSI) on the 14-day chart is 59.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.92%. Stochastics %K at 80.79% indicates the stock is a selling.
How much short interest is there in PennyMac Financial Services Inc?
A steep rise in short interest was recorded in PennyMac Financial Services Inc stocks on 2024-10-31, dropping by -0.44 million shares to a total of 1.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.74 million shares. There was a decline of -33.55%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 06, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $85 price target.
