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The Potential Rise in the Price of ePlus Inc (PLUS) following insiders activity

ePlus Inc’s recently made public that its Chief Financial Officer Marion Elaine D unloaded Company’s shares for reported $0.46 million on Sep 16 ’24. In the deal valued at $92.19 per share,5,000 shares were sold. As a result of this transaction, Marion Elaine D now holds 64,442 shares worth roughly $4.76 million.

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Then, Marion Elaine D bought 5,000 shares, generating $460,781 in total proceeds.

Before that, Callies John E sold 1,050 shares. ePlus Inc shares valued at $100,464 were divested by the Director at a price of $95.68 per share. As a result of the transaction, Callies John E now holds 19,443 shares, worth roughly $1.44 million.

Sidoti downgraded its ePlus Inc [PLUS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Sidoti also remained covering PLUS and has decreased its forecast on December 09, 2020 with a “Neutral” recommendation from previously “Buy” rating. Berenberg revised its rating on February 11, 2020. It rated PLUS as “a Buy” which previously was an “a Hold”.

Price Performance Review of PLUS

On Tuesday, ePlus Inc [NASDAQ:PLUS] saw its stock jump 0.23% to $73.87. Over the last five days, the stock has lost -4.68%. ePlus Inc shares have fallen nearly -7.31% since the year began. Nevertheless, the stocks have fallen -6.70% over the past one year. While a 52-week high of $106.98 was reached on 11/06/24, a 52-week low of $56.33 was recorded on 02/07/24. SMA at 50 days reached $86.30, while 200 days put it at $83.79.

Levels Of Support And Resistance For PLUS Stock

The 24-hour chart illustrates a support level at 73.40, which if violated will result in even more drops to 72.92. On the upside, there is a resistance level at 74.12. A further resistance level may holdings at 74.37. The Relative Strength Index (RSI) on the 14-day chart is 31.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.08%. Stochastics %K at 11.18% indicates the stock is a buying.

How much short interest is there in ePlus Inc?

A steep rise in short interest was recorded in ePlus Inc stocks on 2024-11-29, dropping by 6372.0 shares to a total of 0.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.72 million shares. There was a decline of -0.89%, which implies that there is a negative sentiment for the stock.

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