Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PLBY Group Inc shares valued at $43,949 were sold by Kohn Bernhard L III on Aug 20 ’24. At $0.55 per share, Kohn Bernhard L III sold 79,330 shares. The insider’s holdings dropped to 2,661,346 shares worth approximately $3.97 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Kohn Bernhard L III sold 69,871 shares, netting a total of over 43,362 in proceeds. Following the sale of shares at $0.62 each, the insider now holds 2,740,676 shares.
Before that, Kohn Bernhard L III had sold 71,323 shares from its account. In a trade valued at $40,105, the CEO & President traded PLBY Group Inc shares for $0.56 each. Upon closing the transaction, the insider’s holdings decreased to 71,323 shares, worth approximately $3.86 million.
As published in a research note from Stifel on August 10, 2023, PLBY Group Inc [PLBY] has been retained to a Hold and the price target has been revised to $1.50. Analysts at ROTH MKM downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid May. As of May 05, 2023, Jefferies has initiated its “Buy” rating for PLBY. Earlier on March 17, 2023, ROTH MKM resumed its rating. Their recommendation was “a Buy” for PLBY stock.
Analyzing PLBY Stock Performance
During the last five days, there has been a surge of approximately 15.50%. Over the course of the year, PLBY Group Inc shares have jumped approximately 49.00%. Shares of the company reached a 52-week high of $1.5500 on 12/05/24 and a 52-week low of $0.5200 on 08/30/24. A 50-day SMA is recorded $0.9800, while a 200-day SMA reached $0.8755. Nevertheless, trading volume fell to 0.56 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for PLBY Group Inc (PLBY)
According to the 24-hour chart, there is a support level at 1.4233, which, if violated, would cause prices to drop to 1.3567. In the upper region, resistance lies at 1.5533. The next price resistance is at 1.6167. RSI (Relative Strength Index) is 70.33 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1838, which suggests the price will decrease in the coming days. Percent R is at 12.24%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
