Planet Labs PBC’s recently made public that its CFO & COO Johnson Ashley F. unloaded Company’s shares for reported $2530.0 on Apr 01 ’24. In the deal valued at $2.53 per share,1,000 shares were sold. As a result of this transaction, Johnson Ashley F. now holds 1,957,012 shares worth roughly $7.57 million.
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Then, Johnson Ashley F. sold 1,000 shares, generating $2,180 in total proceeds. Upon selling the shares at $2.18, the CFO & COO now owns 838,882 shares.
Before that, Johnson Ashley F. sold 1,000 shares. Planet Labs PBC shares valued at $2,310 were divested by the CFO & COO at a price of $2.31 per share. As a result of the transaction, Johnson Ashley F. now holds 842,196 shares, worth roughly $3.26 million.
Needham reiterated its Planet Labs PBC [PL] rating to a Buy in a research note published on September 06, 2024; the price target was $5. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Hold”. JMP Securities began covering PL with “Mkt outperform” recommendation on May 02, 2023. Citigroup started covering the stock on April 18, 2023. It rated PL as “a Buy”.
Price Performance Review of PL
On Tuesday, Planet Labs PBC [NYSE:PL] saw its stock fall -4.21% to $3.87. Over the last five days, the stock has lost -12.05%. Planet Labs PBC shares have risen nearly 56.68% since the year began. Nevertheless, the stocks have risen 59.26% over the past one year. While a 52-week high of $4.99 was reached on 12/03/24, a 52-week low of $1.67 was recorded on 04/30/24. SMA at 50 days reached $2.82, while 200 days put it at $2.28.
Levels Of Support And Resistance For PL Stock
The 24-hour chart illustrates a support level at 3.57, which if violated will result in even more drops to 3.28. On the upside, there is a resistance level at 4.06. A further resistance level may holdings at 4.26. The Relative Strength Index (RSI) on the 14-day chart is 61.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.18%. Stochastics %K at 51.73% indicates the stock is a holding.
How much short interest is there in Planet Labs PBC?
A steep rise in short interest was recorded in Planet Labs PBC stocks on 2024-11-15, dropping by -0.34 million shares to a total of 6.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.37 million shares. There was a decline of -5.56%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 23, 2023 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $6 price target.
