Phunware Inc’s recent filing unveils that its Director MEWAWALLA RAHUL acquired Company’s shares for reported $0.15 million on Nov 22 ’24. In the deal valued at $5.15 per share,29,595 shares were bought.
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Then, Snavely Michael sold 6,000 shares, generating $34,004 in total proceeds. Upon selling the shares at $5.67, the Chief Executive Officer now owns 19,143 shares.
Before that, Snavely Michael bought 3,814 shares. Phunware Inc shares valued at $22,426 were divested by the Chief Executive Officer at a price of $5.88 per share. As a result of the transaction, Snavely Michael now holds 25,143 shares, worth roughly $0.12 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 fall -3.69% to $4.70. Over the last five days, the stock has lost -1.26%. Phunware Inc shares have risen nearly 14.63% since the year began. Nevertheless, the stocks have fallen -27.69% 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 $5.52, while 200 days put it at $6.40.
Levels Of Support And Resistance For PHUN Stock
The 24-hour chart illustrates a support level at 4.55, which if violated will result in even more drops to 4.39. On the upside, there is a resistance level at 4.99. A further resistance level may holdings at 5.27. The Relative Strength Index (RSI) on the 14-day chart is 43.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.69%. Stochastics %K at 15.26% 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.
