In a filing, Piedmont Lithium Inc revealed its President and CEO Phillips Keith D. unloaded Company’s shares for reported $0.52 million on Dec 10 ’24. In the deal valued at $12.31 per share,41,867 shares were sold. As a result of this transaction, Phillips Keith D. now holds 170,616 shares worth roughly $1.49 million.
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Macquarie upgraded its Piedmont Lithium Inc [PLL] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Neutral”. JP Morgan also remained covering PLL and has decreased its forecast on October 21, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. Macquarie revised its rating on October 16, 2024. It rated PLL as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of PLL
On Friday, Piedmont Lithium Inc [NASDAQ:PLL] saw its stock fall -2.40% to $8.74. Over the last five days, the stock has lost -17.31%. Piedmont Lithium Inc shares have fallen nearly -69.04% since the year began. Nevertheless, the stocks have fallen -71.48% over the past one year. While a 52-week high of $31.82 was reached on 01/02/24, a 52-week low of $6.57 was recorded on 09/09/24. SMA at 50 days reached $12.09, while 200 days put it at $11.37.
Levels Of Support And Resistance For PLL Stock
The 24-hour chart illustrates a support level at 8.44, which if violated will result in even more drops to 8.14. On the upside, there is a resistance level at 9.28. A further resistance level may holdings at 9.82. The Relative Strength Index (RSI) on the 14-day chart is 30.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.79%. Stochastics %K at 8.90% indicates the stock is a buying.
How much short interest is there in Piedmont Lithium Inc?
A steep rise in short interest was recorded in Piedmont Lithium Inc stocks on 2024-11-29, dropping by -0.38 million shares to a total of 3.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.64 million shares. There was a decline of -11.66%, which implies that there is a negative sentiment for the stock.
