In a filing, Proficient Auto Logistics Inc revealed its Chief Executive Officer ODELL RICHARD D acquired Company’s shares for reported $0.5 million on Nov 14 ’24. In the deal valued at $9.20 per share,54,000 shares were bought. As a result of this transaction, ODELL RICHARD D now holds 753,802 shares worth roughly $5.93 million.
Then, Gattoni James B bought 20,000 shares, generating $379,600 in total proceeds. Upon buying the shares at $18.98, the Director now owns 20,000 shares.
Before that, Schraudenbach John bought 10,000 shares. Proficient Auto Logistics Inc shares valued at $150,000 were divested by the Director at a price of $15.00 per share. As a result of the transaction, Schraudenbach John now holds 10,000 shares, worth roughly $78700.0.
Barrington Research initiated its Proficient Auto Logistics Inc [PAL] rating to an Outperform in a research note published on July 17, 2024; the price target was $22. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in early June with a ‘”an Outperform”‘ rating. Stifel began covering PAL with “Buy” recommendation on June 03, 2024. Raymond James started covering the stock on June 03, 2024. It rated PAL as “an Outperform”.
Price Performance Review of PAL
On Tuesday, Proficient Auto Logistics Inc [NASDAQ:PAL] saw its stock jump 2.47% to $7.87. Over the last five days, the stock has lost -12.60%. Proficient Auto Logistics Inc shares have fallen nearly -46.85% since the year began.
Levels Of Support And Resistance For PAL Stock
The 24-hour chart illustrates a support level at 7.60, which if violated will result in even more drops to 7.36. On the upside, there is a resistance level at 7.98. A further resistance level may holdings at 8.12. The Relative Strength Index (RSI) on the 14-day chart is 27.96, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.06%. Stochastics %K at 16.42% indicates the stock is a buying.
How much short interest is there in Proficient Auto Logistics Inc?
A steep rise in short interest was recorded in Proficient Auto Logistics Inc stocks on 2024-11-29, growing by 0.34 million shares to a total of 1.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.84 million shares. There was a rise of 28.92%, which implies that there is a positive sentiment for the stock.
