While this happened, BofA Securities downgraded its PagSeguro Digital Ltd [PAGS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Itau BBA’s analysts, who decreased its forecast for the stock in early October from “an Outperform” to “a Market perform”. Morgan Stanley also remained covering PAGS and has decreased its forecast on September 05, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Goldman revised its rating on June 26, 2024. It rated PAGS as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PAGS
On Tuesday, PagSeguro Digital Ltd [NYSE:PAGS] saw its stock jump 3.63% to $6.57. Over the last five days, the stock has gained 6.14%. PagSeguro Digital Ltd shares have risen nearly 4.95% since the year began. Nevertheless, the stocks have fallen -46.84% over the past one year. While a 52-week high of $14.98 was reached on 01/02/25, a 52-week low of $6.11 was recorded on 01/03/25. SMA at 50 days reached $7.37, while 200 days put it at $10.51.
Levels Of Support And Resistance For PAGS Stock
The 24-hour chart illustrates a support level at 6.44, which if violated will result in even more drops to 6.30. On the upside, there is a resistance level at 6.65. A further resistance level may holdings at 6.72. The Relative Strength Index (RSI) on the 14-day chart is 44.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.82%. Stochastics %K at 29.15% indicates the stock is a holding.
How much short interest is there in PagSeguro Digital Ltd?
A steep rise in short interest was recorded in PagSeguro Digital Ltd stocks on 2024-12-13, growing by 1.47 million shares to a total of 22.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 21.01 million shares. There was a rise of 6.55%, which implies that there is a positive sentiment for the stock.
