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A company insider recently sold 25,000 shares of P10 Inc [PX]. Should You Sale?

CHWY Stock

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. P10 Inc shares valued at $323,375 were sold by Abell Alexander I. on Dec 26 ’24. At $12.94 per share, Abell Alexander I. sold 25,000 shares. The insider’s holdings dropped to 325,000 shares worth approximately $4.17 million following the completion of this transaction.

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Also, McCoy David M. sold 55,545 shares, netting a total of over 706,532 in proceeds. Following the sale of shares at $12.72 each, the insider now holds 344,000 shares.

Before that, 210 Capital, LLC had sold 50,000 shares from its account. In a trade valued at $662,855, the 10% Owner traded P10 Inc shares for $13.26 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $0.0.

As published in a research note from UBS on August 21, 2024, P10 Inc [PX] has been rated down from a Buy to a Neutral and the price target has been revised to $10.50 from $10. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early March. As of March 01, 2024, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for PX. Earlier on March 01, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for PX stock which previously was a “an Overweight”.

Analyzing PX Stock Performance

During the last five days, there has been a surge of approximately 0.16%. Over the course of the year, P10 Inc shares have jumped approximately 1.82%. Shares of the company reached a 52-week high of $13.06 on 01/02/25 and a 52-week low of $12.71 on 01/02/25. A 50-day SMA is recorded $12.55, while a 200-day SMA reached $9.96. Nevertheless, trading volume fell to 0.69 million shares from 0.63 million shares the previous day.

Support And Resistance Levels for P10 Inc (PX)

According to the 24-hour chart, there is a support level at 12.68, which, if violated, would cause prices to drop to 12.52. In the upper region, resistance lies at 13.03. The next price resistance is at 13.22. RSI (Relative Strength Index) is 49.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.29, which suggests the price will decrease in the coming days. Percent R is at 66.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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