The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Phunware Inc shares valued at $152,414 were sold by MEWAWALLA RAHUL on Nov 22 ’24. At $5.15 per share, MEWAWALLA RAHUL sold 29,595 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, MEWAWALLA RAHUL purchased 29,595 shares, netting a total of over 152,414 in proceeds.
Before that, Snavely Michael had sold 6,000 shares from its account. In a trade valued at $34,004, the Chief Executive Officer traded Phunware Inc shares for $5.67 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $84420.63.
As published in a research note from H.C. Wainwright on November 12, 2024, Phunware Inc [PHUN] has been rated down from a Buy to a Neutral and the price target has been revised to $6 from $9. Analysts at ROTH Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in mid May. As of June 16, 2020, Ascendiant Capital Markets has initiated its “Buy” rating for PHUN.
Analyzing PHUN Stock Performance
During the last five days, there has been a drop of approximately -7.35%. Over the course of the year, Phunware Inc shares have jumped approximately 7.56%. Shares of the company reached a 52-week high of $24.49 on 01/16/24 and a 52-week low of $2.85 on 09/23/24. A 50-day SMA is recorded $5.56, while a 200-day SMA reached $6.29. Nevertheless, trading volume fell to 0.8 million shares from 2.13 million shares the previous day.
Support And Resistance Levels for Phunware Inc (PHUN)
According to the 24-hour chart, there is a support level at 4.31, which, if violated, would cause prices to drop to 4.21. In the upper region, resistance lies at 4.53. The next price resistance is at 4.65. RSI (Relative Strength Index) is 42.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 85.90%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
