Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Phreesia Inc shares valued at $1,529 were sold by Linetsky David on Dec 17 ’24. At $25.06 per share, Linetsky David sold 61 shares. The insider’s holdings dropped to 8,875 shares worth approximately $0.21 million following the completion of this transaction.
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Also, Linetsky David sold 35 shares, netting a total of over 871 in proceeds. Following the sale of shares at $24.88 each, the insider now holds 8,936 shares.
Before that, Linetsky David had added 24 shares to its account. In a trade valued at $609, the Member of immediate family of bought Phreesia Inc shares for $25.38 each.
As published in their initiating research note from Truist on February 26, 2024, Phreesia Inc [PHR] has been a Buy and the price target has been revised to $35. Analysts at DA Davidson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of January 03, 2024, Barclays has initiated its “an Overweight” rating for PHR. Earlier on April 12, 2023, Stephens initiated its rating. Their recommendation was “an Overweight” for PHR stock.
Analyzing PHR Stock Performance
During the last five days, there has been a drop of approximately -3.11%. Over the course of the year, Phreesia Inc shares have jumped approximately 3.71%. Shares of the company reached a 52-week high of $29.16 on 02/12/24 and a 52-week low of $17.07 on 11/15/24. A 50-day SMA is recorded $20.67, while a 200-day SMA reached $22.18. Nevertheless, trading volume fell to 0.66 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Phreesia Inc (PHR)
According to the 24-hour chart, there is a support level at 22.89, which, if violated, would cause prices to drop to 21.76. In the upper region, resistance lies at 25.46. The next price resistance is at 26.90. RSI (Relative Strength Index) is 61.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.87, which suggests the price will increase in the coming days. Percent R is at 35.10%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
