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 $88632.09.
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 jump 0.87% to $4.63. Over the last five days, the stock has gained 4.75%. Phunware Inc shares have risen nearly 12.93% since the year began. Nevertheless, the stocks have risen 2.09% 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 $5.76, while 200 days put it at $5.97.
Levels Of Support And Resistance For PHUN Stock
The 24-hour chart illustrates a support level at 4.49, which if violated will result in even more drops to 4.36. On the upside, there is a resistance level at 4.87. A further resistance level may holdings at 5.11. The Relative Strength Index (RSI) on the 14-day chart is 45.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.29%. Stochastics %K at 35.52% 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.
