Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PennyMac Financial Services Inc shares valued at $1,057,555 were purchased by Chang William Herbert on Jan 08 ’25. At $99.35 per share, Chang William Herbert acquired 10,645 shares.
Also, David Spector purchased 5,000 shares, netting a total of over 497,600 in proceeds.
Before that, Chang William Herbert had added 10,473 shares to its account. In a trade valued at $1,047,335, the Officer bought PennyMac Financial Services Inc shares for $100.00 each.
As published in a research note from Keefe Bruyette on July 22, 2024, PennyMac Financial Services Inc [PFSI] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $102. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early April. As of January 10, 2024, Deutsche Bank has initiated its “Buy” rating for PFSI. Earlier on January 10, 2024, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for PFSI stock which previously was a “an Outperform”.
Analyzing PFSI Stock Performance
During the last five days, there has been a drop of approximately -2.57%. Over the course of the year, PennyMac Financial Services Inc shares have dropped approximately -2.57%. Shares of the company reached a 52-week high of $103.01 on 01/02/25 and a 52-week low of $97.08 on 01/02/25. A 50-day SMA is recorded $103.22, while a 200-day SMA reached $99.05. Nevertheless, trading volume fell to 0.23 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for PennyMac Financial Services Inc (PFSI)
According to the 24-hour chart, there is a support level at 98.68, which, if violated, would cause prices to drop to 97.83. In the upper region, resistance lies at 100.19. The next price resistance is at 100.85. RSI (Relative Strength Index) is 39.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.11, which suggests the price will decrease in the coming days. Percent R is at 75.91%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
