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A company insider recently bought 5,000 shares of PodcastOne Inc [PODC]. Should You Buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PodcastOne Inc shares valued at $9,600 were purchased by ELLIN ROBERT S on Nov 22 ’24. At $1.92 per share, ELLIN ROBERT S acquired 5,000 shares. The insider’s holdings grew to 165,930 shares worth approximately $0.38 million following the completion of this transaction.

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Also, ELLIN ROBERT S purchased 5,000 shares, netting a total of over 9,400 in proceeds. Following the buying of shares at $1.88 each, the insider now holds 160,930 shares.

Before that, MERRIMAN D JONATHAN had added 6,000 shares to its account. In a trade valued at $9,660, the Director bought PodcastOne Inc shares for $1.61 each. Upon closing the transaction, the insider’s holdings increased to 6,000 shares, worth approximately $0.38 million.

Analyzing PODC Stock Performance

During the last five days, there has been a surge of approximately 24.87%. Over the course of the year, PodcastOne Inc shares have jumped approximately 22.16%. Shares of the company reached a 52-week high of $2.70 on 03/13/24 and a 52-week low of $1.10 on 10/25/24. A 50-day SMA is recorded $1.53, while a 200-day SMA reached $1.72. Nevertheless, trading volume fell to 0.2 million shares from 23900.0 shares the previous day.

Support And Resistance Levels for PodcastOne Inc (PODC)

According to the 24-hour chart, there is a support level at 2.05, which, if violated, would cause prices to drop to 1.83. In the upper region, resistance lies at 2.44. The next price resistance is at 2.61. RSI (Relative Strength Index) is 77.31 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.30, which suggests the price will decrease in the coming days. Percent R is at 13.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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