Phunware Inc’s recent filing unveils that its Director MEWAWALLA RAHUL unloaded Company’s shares for reported $0.15 million on Nov 22 ’24. In the deal valued at $5.15 per share,29,595 shares were sold. As a result of this transaction, MEWAWALLA RAHUL now holds 0 shares worth roughly $0.0.
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Then, MEWAWALLA RAHUL bought 29,595 shares, generating $152,414 in total proceeds.
Before that, Snavely Michael sold 6,000 shares. Phunware Inc shares valued at $34,004 were divested by the Chief Executive Officer at a price of $5.67 per share. As a result of the transaction, Snavely Michael now holds 19,143 shares, worth roughly $84612.06.
H.C. Wainwright downgraded its Phunware Inc [PHUN] rating to a Neutral from a a Buy in a research note published on November 12, 2024; the price target was decreased to $6 from $9. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Ascendiant Capital Markets began covering PHUN with “Buy” recommendation on June 16, 2020.
Price Performance Review of PHUN
On Monday, Phunware Inc [NASDAQ:PHUN] saw its stock fall -4.74% to $4.42. Over the last five days, the stock has lost -9.43%. Phunware Inc shares have risen nearly 7.80% since the year began. Nevertheless, the stocks have fallen -23.92% over the past one year. While a 52-week high of $24.50 was reached on 01/16/24, a 52-week low of $2.85 was recorded on 09/23/24. SMA at 50 days reached $5.62, while 200 days put it at $6.18.
Levels Of Support And Resistance For PHUN Stock
The 24-hour chart illustrates a support level at 4.30, which if violated will result in even more drops to 4.17. On the upside, there is a resistance level at 4.65. A further resistance level may holdings at 4.87. The Relative Strength Index (RSI) on the 14-day chart is 42.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.02%. Stochastics %K at 21.03% indicates the stock is a holding.
How much short interest is there in Phunware Inc?
A steep rise in short interest was recorded in Phunware Inc stocks on 2024-11-15, growing by 0.49 million shares to a total of 1.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.27 million shares. There was a rise of 27.68%, which implies that there is a positive sentiment for the stock.
