In a filing, PowerFleet Inc revealed its Officer Lewis Catherine J acquired Company’s shares for reported $1.84 million on Dec 05 ’24. In the deal valued at $6.82 per share,270,000 shares were bought.
Then, Lewis Catherine J sold 187,990 shares, generating $1,265,173 in total proceeds. Upon selling the shares at $6.73, the Chief Customer Officer now owns 52,972 shares.
Before that, Lewis Catherine J sold 82,010 shares. PowerFleet Inc shares valued at $578,170 were divested by the Chief Customer Officer at a price of $7.05 per share. As a result of the transaction, Lewis Catherine J now holds 240,962 shares, worth roughly $1.64 million.
Price Performance Review of AIOT
On Friday, PowerFleet Inc [NASDAQ:AIOT] saw its stock fall -4.23% to $6.80. Over the last five days, the stock has gained 6.58%. PowerFleet Inc shares have risen nearly 98.83% since the year began. Nevertheless, the stocks have risen 122.95% over the past one year. While a 52-week high of $7.38 was reached on 11/25/24, a 52-week low of $2.85 was recorded on 02/21/24. SMA at 50 days reached $6.18, while 200 days put it at $5.11.
Levels Of Support And Resistance For AIOT Stock
The 24-hour chart illustrates a support level at 6.63, which if violated will result in even more drops to 6.47. On the upside, there is a resistance level at 7.08. A further resistance level may holdings at 7.37. The Relative Strength Index (RSI) on the 14-day chart is 53.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.68%. Stochastics %K at 68.64% indicates the stock is a holding.
How much short interest is there in PowerFleet Inc?
A steep rise in short interest was recorded in PowerFleet Inc stocks on 2024-12-13, growing by 0.58 million shares to a total of 7.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 7.32 million shares. There was a rise of 7.37%, which implies that there is a positive sentiment for the stock.
