In a filing, PowerFleet Inc revealed its Chief Customer Officer Lewis Catherine J unloaded Company’s shares for reported $1.27 million on Dec 06 ’24. In the deal valued at $6.73 per share,187,990 shares were sold. As a result of this transaction, Lewis Catherine J now holds 52,972 shares worth roughly $0.37 million.
Then, Lewis Catherine J sold 82,010 shares, generating $578,170 in total proceeds. Upon selling the shares at $7.05, the Chief Customer Officer now owns 240,962 shares.
Price Performance Review of AIOT
On Monday, PowerFleet Inc [NASDAQ:AIOT] saw its stock jump 1.74% to $7.02. Over the last five days, the stock has gained 1.08%. PowerFleet Inc shares have risen nearly 105.26% since the year began. Nevertheless, the stocks have risen 213.39% over the past one year. While a 52-week high of $7.38 was reached on 11/25/24, a 52-week low of $2.22 was recorded on 02/21/24. SMA at 50 days reached $5.76, while 200 days put it at $4.88.
Levels Of Support And Resistance For AIOT Stock
The 24-hour chart illustrates a support level at 6.88, which if violated will result in even more drops to 6.74. On the upside, there is a resistance level at 7.22. A further resistance level may holdings at 7.42. The Relative Strength Index (RSI) on the 14-day chart is 61.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.53%. Stochastics %K at 66.13% indicates the stock is a holding.
How much short interest is there in PowerFleet Inc?
A steep rise in short interest was recorded in PowerFleet Inc stocks on 2024-11-15, dropping by -0.41 million shares to a total of 7.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.73 million shares. There was a decline of -5.6%, which implies that there is a negative sentiment for the stock.
