In a filing, Patrick Industries, Inc revealed its Chief Legal Officer/Secretary Duthie Joel D unloaded Company’s shares for reported $98444.0 on Dec 09 ’24. In the deal valued at $137.11 per share,718 shares were sold. As a result of this transaction, Duthie Joel D now holds 31,459 shares worth roughly $2.77 million.
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Then, Joel D. Duthie bought 718 shares, generating $98,800 in total proceeds.
Before that, NEMETH ANDY L sold 20,000 shares. Patrick Industries, Inc shares valued at $2,700,000 were divested by the Chief Executive Officer at a price of $135.00 per share. As a result of the transaction, NEMETH ANDY L now holds 253,119 shares, worth roughly $22.27 million.
Raymond James initiated its Patrick Industries, Inc [PATK] rating to an Outperform in a research note published on October 01, 2024; the price target was $160. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. BMO Capital Markets began covering PATK with “an Outperform” recommendation on December 07, 2023. KeyBanc Capital Markets started covering the stock on April 19, 2023. It rated PATK as “an Overweight”.
Price Performance Review of PATK
On Tuesday, Patrick Industries, Inc [NASDAQ:PATK] saw its stock fall -0.28% to $88.00. Over the last five days, the stock has lost -2.84%. Patrick Industries, Inc shares have risen nearly 31.54% since the year began. Nevertheless, the stocks have risen 41.62% over the past one year. While a 52-week high of $98.90 was reached on 10/04/24, a 52-week low of $60.67 was recorded on 01/17/24. SMA at 50 days reached $89.60, while 200 days put it at $81.55.
Levels Of Support And Resistance For PATK Stock
The 24-hour chart illustrates a support level at 86.88, which if violated will result in even more drops to 85.75. On the upside, there is a resistance level at 89.58. A further resistance level may holdings at 91.15. The Relative Strength Index (RSI) on the 14-day chart is 45.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.70%. Stochastics %K at 16.39% indicates the stock is a buying.
How much short interest is there in Patrick Industries, Inc?
A steep rise in short interest was recorded in Patrick Industries, Inc stocks on 2024-11-29, growing by 0.48 million shares to a total of 2.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.11 million shares. There was a rise of 18.53%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 26, 2022 when DA Davidson began covering the stock and recommended ‘”a Neutral”‘ rating along with a $65 price target.
