PubMatic Inc’s recent filing unveils that its PRESIDENT, ENGINEERING Kumar Mukul unloaded Company’s shares for reported $0.12 million on Dec 16 ’24. In the deal valued at $16.52 per share,7,000 shares were sold. As a result of this transaction, Kumar Mukul now holds 44,888 shares worth roughly $0.69 million.
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Then, MUKUL KUMAR bought 28,000 shares, generating $456,400 in total proceeds.
Before that, Goel Rajeev K. sold 25,000 shares. PubMatic Inc shares valued at $407,852 were divested by the CHIEF EXECUTIVE OFFICER at a price of $16.31 per share. As a result of the transaction, Goel Rajeev K. now holds 0 shares, worth roughly $0.0.
Scotiabank initiated its PubMatic Inc [PUBM] rating to a Sector perform in a research note published on December 05, 2024; the price target was $17. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who remained covering the stock and in mid November has reiterated a ‘”an Outperform”‘ rating for it. Raymond James also remained covering PUBM and has decreased its forecast on August 09, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Wolfe Research started covering the stock on July 16, 2024. It rated PUBM as “an Outperform”.
Price Performance Review of PUBM
On Friday, PubMatic Inc [NASDAQ:PUBM] saw its stock jump 0.26% to $15.44. Over the last five days, the stock has lost -5.28%. PubMatic Inc shares have fallen nearly -5.33% since the year began. Nevertheless, the stocks have fallen -8.96% over the past one year. While a 52-week high of $25.36 was reached on 05/08/24, a 52-week low of $13.18 was recorded on 08/09/24. SMA at 50 days reached $15.68, while 200 days put it at $18.79.
Levels Of Support And Resistance For PUBM Stock
The 24-hour chart illustrates a support level at 15.11, which if violated will result in even more drops to 14.78. On the upside, there is a resistance level at 15.79. A further resistance level may holdings at 16.13. The Relative Strength Index (RSI) on the 14-day chart is 43.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.80%. Stochastics %K at 12.22% indicates the stock is a buying.
How much short interest is there in PubMatic Inc?
A steep rise in short interest was recorded in PubMatic Inc stocks on 2024-11-29, dropping by -0.25 million shares to a total of 1.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.36 million shares. There was a decline of -22.51%, which implies that there is a negative sentiment for the stock.
