Palomar Holdings Inc’s recent filing unveils that its Chief Financial Officer Uchida T Christopher unloaded Company’s shares for reported $0.11 million on Dec 18 ’24. In the deal valued at $110.85 per share,1,030 shares were sold. As a result of this transaction, Uchida T Christopher now holds 15,994 shares worth roughly $1.68 million.
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Then, Armstrong Mac sold 7,000 shares, generating $758,912 in total proceeds. Upon selling the shares at $108.42, the CEO and Chairman now owns 426,388 shares.
Before that, Uchida T Christopher sold 4,496 shares. Palomar Holdings Inc shares valued at $484,668 were divested by the Chief Financial Officer at a price of $107.80 per share. As a result of the transaction, Uchida T Christopher now holds 18,054 shares, worth roughly $1.9 million.
JP Morgan downgraded its Palomar Holdings Inc [PLMR] rating to a Neutral from a an Overweight in a research note published on April 08, 2024; the price target was increased to $85 from $79. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid March from “a Hold” to “a Buy”. Keefe Bruyette also remained covering PLMR and has increased its forecast on May 16, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. Evercore ISI revised its rating on January 10, 2023. It rated PLMR as “an In-line” which previously was an “an Outperform”.
Price Performance Review of PLMR
On Tuesday, Palomar Holdings Inc [NASDAQ:PLMR] saw its stock jump 2.38% to $105.01. Over the last five days, the stock has lost -5.20%. Palomar Holdings Inc shares have risen nearly 89.86% since the year began. Nevertheless, the stocks have risen 83.67% over the past one year. While a 52-week high of $112.90 was reached on 12/17/24, a 52-week low of $54.50 was recorded on 01/02/24. SMA at 50 days reached $102.16, while 200 days put it at $90.82.
Levels Of Support And Resistance For PLMR Stock
The 24-hour chart illustrates a support level at 103.21, which if violated will result in even more drops to 101.41. On the upside, there is a resistance level at 106.11. A further resistance level may holdings at 107.21. The Relative Strength Index (RSI) on the 14-day chart is 49.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.67%. Stochastics %K at 30.66% indicates the stock is a holding.
How much short interest is there in Palomar Holdings Inc?
A steep rise in short interest was recorded in Palomar Holdings Inc stocks on 2024-11-29, growing by 73519.0 shares to a total of 0.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.33 million shares. There was a rise of 18.07%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 12, 2022 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $55 price target.
