Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PaySign Inc shares valued at $129,656 were sold by Newcomer Mark on Nov 18 ’24. At $3.24 per share, Newcomer Mark sold 40,000 shares. The insider’s holdings dropped to 9,296,886 shares worth approximately $31.14 million following the completion of this transaction.
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Also, Newcomer Mark sold 35,000 shares, netting a total of over 114,002 in proceeds. Following the sale of shares at $3.26 each, the insider now holds 9,261,886 shares.
Before that, Newcomer Mark had sold 25,000 shares from its account. In a trade valued at $81,752, the CEO traded PaySign Inc shares for $3.27 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $30.94 million.
As published in their initiating research note from Barrington Research on March 30, 2022, PaySign Inc [PAYS] has been a Mkt perform and the price target has been revised to $4. Analysts at Ladenburg Thalmann downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of August 19, 2021, DA Davidson has increased its “Neutral” rating to a “Buy” for PAYS. Earlier on August 12, 2021, Ladenburg Thalmann upgraded its rating. Their new recommendation was “a Buy” for PAYS stock which previously was a “a Neutral”.
Analyzing PAYS Stock Performance
During the last five days, there has been a drop of approximately -1.18%. Over the course of the year, PaySign Inc shares have jumped approximately 19.64%. Shares of the company reached a 52-week high of $5.59 on 08/01/24 and a 52-week low of $2.40 on 01/09/24. A 50-day SMA is recorded $3.75, while a 200-day SMA reached $4.11. Nevertheless, trading volume fell to 0.11 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for PaySign Inc (PAYS)
According to the 24-hour chart, there is a support level at 3.31, which, if violated, would cause prices to drop to 3.27. In the upper region, resistance lies at 3.41. The next price resistance is at 3.48. RSI (Relative Strength Index) is 37.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 80.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
