Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Priority Technology Holdings Inc shares valued at $30,021 were sold by Priore John Vito on Jan 02 ’25. At $11.75 per share, Priore John Vito sold 2,555 shares. The insider’s holdings dropped to 8,769,005 shares worth approximately $70.68 million following the completion of this transaction.
Also, Kiewiet Sean sold 170,596 shares, netting a total of over 1,808,318 in proceeds. Following the sale of shares at $10.60 each, the insider now holds 711,853 shares.
Before that, Kiewiet Sean had sold 100 shares from its account. In a trade valued at $1,000, the Chief Strategy Officer traded Priority Technology Holdings Inc shares for $10.00 each. Upon closing the transaction, the insider’s holdings decreased to 100 shares, worth approximately $7.11 million.
As published in a research note from B. Riley Securities on December 15, 2023, Priority Technology Holdings Inc [PRTH] has been rated up from a Neutral to a Buy and the price target has been revised to $10 from $5. Analysts at Keefe Bruyette started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in mid October. As of July 31, 2023, Lake Street has initiated its “Buy” rating for PRTH.
Analyzing PRTH Stock Performance
During the last five days, there has been a drop of approximately -28.86%. Over the course of the year, Priority Technology Holdings Inc shares have dropped approximately -31.40%. Shares of the company reached a 52-week high of $12.30 on 01/03/25 and a 52-week low of $7.36 on 01/15/25. A 50-day SMA is recorded $9.19, while a 200-day SMA reached $5.97. Nevertheless, trading volume fell to 1.24 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for Priority Technology Holdings Inc (PRTH)
According to the 24-hour chart, there is a support level at 7.07, which, if violated, would cause prices to drop to 6.09. In the upper region, resistance lies at 9.33. The next price resistance is at 10.61. RSI (Relative Strength Index) is 37.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.89, which suggests the price will decrease in the coming days. Percent R is at 86.21%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
