Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PubMatic Inc shares valued at $20,121 were sold by Gimbel Lisa on Nov 18 ’24. At $14.60 per share, Gimbel Lisa sold 1,378 shares. The insider’s holdings dropped to 3,846 shares worth approximately $60882.18 following the completion of this transaction.
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Also, Kumar Mukul sold 21,000 shares, netting a total of over 355,308 in proceeds. Following the sale of shares at $16.92 each, the insider now holds 44,888 shares.
Before that, MUKUL KUMAR had added 28,000 shares to its account. In a trade valued at $460,040, the Officer bought PubMatic Inc shares for $16.43 each.
As published in a research note from Evercore ISI on November 13, 2024, PubMatic Inc [PUBM] has been retained to an Outperform and the price target has been revised to $22. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early August. As of July 16, 2024, Wolfe Research has initiated its “an Outperform” rating for PUBM.
Analyzing PUBM Stock Performance
During the last five days, there has been a surge of approximately 3.80%. Over the course of the year, PubMatic Inc shares have dropped approximately -2.94%. Shares of the company reached a 52-week high of $25.36 on 05/08/24 and a 52-week low of $13.18 on 08/09/24. A 50-day SMA is recorded $15.12, while a 200-day SMA reached $18.97. Nevertheless, trading volume fell to 0.19 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for PubMatic Inc (PUBM)
According to the 24-hour chart, there is a support level at 15.67, which, if violated, would cause prices to drop to 15.52. In the upper region, resistance lies at 16.01. The next price resistance is at 16.20. RSI (Relative Strength Index) is 53.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 57.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
