The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Palladyne AI Corp shares valued at $473,117 were purchased by WEIBLING DENNIS M on Oct 31 ’24. At $2.20 per share, WEIBLING DENNIS M acquired 215,053 shares. The insider’s holdings grew to 389,884 shares worth approximately $1.93 million following the completion of this transaction.
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Also, Wolff Benjamin G purchased 107,526 shares, netting a total of over 236,557 in proceeds. Following the buying of shares at $2.20 each, the insider now holds 107,526 shares.
Before that, GARAGIC DENIS had added 1,000 shares to its account. In a trade valued at $1,550, the CHIEF TECHNOLOGY OFFICER bought Palladyne AI Corp shares for $1.55 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $2.74 million.
Analyzing PDYN Stock Performance
During the last five days, there has been a surge of approximately 38.70%. Over the course of the year, Palladyne AI Corp shares have jumped approximately 580.72%. Shares of the company reached a 52-week high of $7.93 on 12/02/24 and a 52-week low of $0.45 on 02/05/24. A 50-day SMA is recorded $3.15, while a 200-day SMA reached $2.12. Nevertheless, trading volume fell to 10.23 million shares from 4.99 million shares the previous day.
Support And Resistance Levels for Palladyne AI Corp (PDYN)
According to the 24-hour chart, there is a support level at 3.95, which, if violated, would cause prices to drop to 2.97. In the upper region, resistance lies at 5.56. The next price resistance is at 6.19. RSI (Relative Strength Index) is 59.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 13.12%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
