The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Pioneer Power Solutions Inc shares valued at $53,334 were sold by Michalec Wojciech on Dec 20 ’24. At $4.09 per share, Michalec Wojciech sold 13,040 shares. The insider’s holdings dropped to 300,000 shares worth approximately $1.22 million following the completion of this transaction.
Also, Michalec Wojciech sold 1,960 shares, netting a total of over 8,075 in proceeds. Following the sale of shares at $4.12 each, the insider now holds 313,040 shares.
Before that, Wojciech (Walter) Michalec had added 65,000 shares to its account. In a trade valued at $382,200, the Chief Financial Officer bought Pioneer Power Solutions Inc shares for $5.88 each.
As published in a research note from ROTH Capital on October 29, 2015, Pioneer Power Solutions Inc [PPSI] has been retained to a Buy and the price target has been revised to $6.
Analyzing PPSI Stock Performance
During the last five days, there has been a drop of approximately -1.94%. Over the course of the year, Pioneer Power Solutions Inc shares have dropped approximately -1.94%. Shares of the company reached a 52-week high of $4.43 on 01/06/25 and a 52-week low of $3.92 on 01/08/25. A 50-day SMA is recorded $5.50, while a 200-day SMA reached $4.72. Nevertheless, trading volume fell to 0.12 million shares from 86500.0 shares the previous day.
Support And Resistance Levels for Pioneer Power Solutions Inc (PPSI)
According to the 24-hour chart, there is a support level at 3.91, which, if violated, would cause prices to drop to 3.78. In the upper region, resistance lies at 4.19. The next price resistance is at 4.34. RSI (Relative Strength Index) is 41.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 74.55%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
