Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Park National Corp shares valued at $2,160,060 were sold by RAMSER MARK R on Jul 29 ’24. At $180.00 per share, RAMSER MARK R sold 12,000 shares. The insider’s holdings dropped to 292 shares worth approximately $56116.560000000005 following the completion of this transaction.
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Also, RAMSER MARK R sold 546 shares, netting a total of over 98,640 in proceeds. Following the sale of shares at $180.66 each, the insider now holds 379 shares.
Before that, RAMSER MARK R had sold 454 shares from its account. In a trade valued at $84,925, the Director traded Park National Corp shares for $187.06 each. Upon closing the transaction, the insider’s holdings decreased to 454 shares, worth approximately $0.18 million.
Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in mid May. As of August 11, 2021, Boenning & Scattergood has increased its “an Under perform” rating to a “Neutral” for PRK. Earlier on September 24, 2020, Boenning & Scattergood initiated its rating. Their recommendation was “an Under perform” for PRK stock.
Analyzing PRK Stock Performance
During the last five days, there has been a surge of approximately 0.80%. Over the course of the year, Park National Corp shares have jumped approximately 45.02%. Shares of the company reached a 52-week high of $207.99 on 11/25/24 and a 52-week low of $123.08 on 04/12/24. A 50-day SMA is recorded $177.83, while a 200-day SMA reached $153.29. Nevertheless, trading volume fell to 56076.0 shares from 0.11 million shares the previous day.
Support And Resistance Levels for Park National Corp (PRK)
According to the 24-hour chart, there is a support level at 190.17, which, if violated, would cause prices to drop to 188.16. In the upper region, resistance lies at 195.88. The next price resistance is at 199.57. RSI (Relative Strength Index) is 55.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.94, which suggests the price will decrease in the coming days. Percent R is at 71.22%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
