Priority Technology Holdings Inc’s recent filing unveils that its Officer Sean Kiewiet acquired Company’s shares for reported $2.62 million on Nov 26 ’24. In the deal valued at $8.74 per share,300,000 shares were bought.
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Then, Kiewiet Sean sold 10,000 shares, generating $54,100 in total proceeds. Upon selling the shares at $5.41, the Chief Strategy Officer now owns 1,045,158 shares.
Before that, Kiewiet Sean sold 5,700 shares. Priority Technology Holdings Inc shares valued at $29,127 were divested by the Chief Strategy Officer at a price of $5.11 per share. As a result of the transaction, Kiewiet Sean now holds 1,055,158 shares, worth roughly $10.57 million.
B. Riley Securities upgraded its Priority Technology Holdings Inc [PRTH] rating to a Buy from a a Neutral in a research note published on December 15, 2023; the price target was increased to $10 from $5. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who began to cover the stock in mid October with a ‘”a Mkt perform”‘ rating. Lake Street began covering PRTH with “Buy” recommendation on July 31, 2023.
Price Performance Review of PRTH
On Tuesday, Priority Technology Holdings Inc [NASDAQ:PRTH] saw its stock jump 14.65% to $10.02. Over the last five days, the stock has gained 11.58%. Priority Technology Holdings Inc shares have risen nearly 181.46% since the year began. Nevertheless, the stocks have risen 202.72% over the past one year. While a 52-week high of $9.85 was reached on 11/26/24, a 52-week low of $2.79 was recorded on 04/10/24. SMA at 50 days reached $6.75, while 200 days put it at $4.88.
Levels Of Support And Resistance For PRTH Stock
The 24-hour chart illustrates a support level at 9.12, which if violated will result in even more drops to 8.21. On the upside, there is a resistance level at 10.49. A further resistance level may holdings at 10.95. The Relative Strength Index (RSI) on the 14-day chart is 73.06, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.87%. Stochastics %K at 80.53% indicates the stock is a selling.
How much short interest is there in Priority Technology Holdings Inc?
A steep rise in short interest was recorded in Priority Technology Holdings Inc stocks on 2024-11-15, dropping by 9729.0 shares to a total of 0.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.11 million shares. There was a decline of -9.69%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 30, 2022 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $14 price target.
