Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Piper Sandler Co’s shares valued at $3,351,289 were sold by Doyle Jonathan J on Nov 07 ’24. At $335.13 per share, Doyle Jonathan J sold 10,000 shares. The insider’s holdings dropped to 150,095 shares worth approximately $44.66 million following the completion of this transaction.
Also, Geelan John W sold 1,500 shares, netting a total of over 511,996 in proceeds. Following the sale of shares at $341.33 each, the insider now holds 13,565 shares.
Before that, JONATHAN DOYLE had added 10,000 shares to its account. In a trade valued at $3,351,282, the Officer bought Piper Sandler Co’s shares for $335.13 each.
As published in a research note from Goldman on January 06, 2025, Piper Sandler Co’s [PIPR] has been rated down from a Buy to a Neutral and the price target has been revised to $317. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early January. As of December 19, 2023, Northland Capital has decreased its “an Outperform” rating to a “Market perform” for PIPR. Earlier on July 11, 2022, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for PIPR stock which previously was a “an Outperform”.
Analyzing PIPR Stock Performance
During the last five days, there has been a drop of approximately -0.81%. Over the course of the year, Piper Sandler Co’s shares have dropped approximately -0.81%. Shares of the company reached a 52-week high of $304.13 on 01/02/25 and a 52-week low of $288.02 on 01/07/25. A 50-day SMA is recorded $317.53, while a 200-day SMA reached $259.23. Nevertheless, trading volume fell to 59782.0 shares from 0.11 million shares the previous day.
Support And Resistance Levels for Piper Sandler Co’s (PIPR)
According to the 24-hour chart, there is a support level at 294.68, which, if violated, would cause prices to drop to 291.85. In the upper region, resistance lies at 299.57. The next price resistance is at 301.62. RSI (Relative Strength Index) is 38.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.33, which suggests the price will decrease in the coming days. Percent R is at 67.61%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
