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. Priority Technology Holdings Inc shares valued at $1,000 were sold by Kiewiet Sean on Dec 17 ’24. At $10.00 per share, Kiewiet Sean sold 100 shares. The insider’s holdings dropped to 882,449 shares worth approximately $10.45 million following the completion of this transaction.
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Also, Kiewiet Sean sold 100 shares, netting a total of over 1,000 in proceeds. Following the sale of shares at $10.00 each, the insider now holds 882,549 shares.
Before that, Kiewiet Sean had sold 3,764 shares from its account. In a trade valued at $37,678, the Chief Strategy Officer traded Priority Technology Holdings Inc shares for $10.01 each. Upon closing the transaction, the insider’s holdings decreased to 3,764 shares, worth approximately $10.45 million.
As published in a research note from B. Riley Securities on December 15, 2023, Priority Technology Holdings Inc [PRTH] has been rated up from a Neutral to a Buy and the price target has been revised to $10 from $5. Analysts at Keefe Bruyette started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in mid October. As of July 31, 2023, Lake Street has initiated its “Buy” rating for PRTH.
Analyzing PRTH Stock Performance
During the last five days, there has been a surge of approximately 32.29%. Over the course of the year, Priority Technology Holdings Inc shares have jumped approximately 232.58%. Shares of the company reached a 52-week high of $11.93 on 12/26/24 and a 52-week low of $2.82 on 04/10/24. A 50-day SMA is recorded $7.97, while a 200-day SMA reached $5.51. Nevertheless, trading volume fell to 0.59 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Priority Technology Holdings Inc (PRTH)
According to the 24-hour chart, there is a support level at 11.19, which, if violated, would cause prices to drop to 10.54. In the upper region, resistance lies at 12.21. The next price resistance is at 12.57. RSI (Relative Strength Index) is 71.21 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.13, which suggests the price will increase in the coming days. Percent R is at 2.26%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
