Proficient Auto Logistics Inc’s recent filing unveils that its Chief Executive Officer ODELL RICHARD D acquired Company’s shares for reported $0.5 million on Nov 14 ’24. In the deal valued at $9.20 per share,54,000 shares were bought. As a result of this transaction, ODELL RICHARD D now holds 753,802 shares worth roughly $7.7 million.
Then, Gattoni James B bought 20,000 shares, generating $379,600 in total proceeds. Upon buying the shares at $18.98, the Director now owns 20,000 shares.
Before that, Schraudenbach John bought 10,000 shares. Proficient Auto Logistics Inc shares valued at $150,000 were divested by the Director at a price of $15.00 per share. As a result of the transaction, Schraudenbach John now holds 10,000 shares, worth roughly $0.1 million.
Barrington Research initiated its Proficient Auto Logistics Inc [PAL] rating to an Outperform in a research note published on July 17, 2024; the price target was $22. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in early June with a ‘”an Outperform”‘ rating. Stifel began covering PAL with “Buy” recommendation on June 03, 2024. Raymond James started covering the stock on June 03, 2024. It rated PAL as “an Outperform”.
Price Performance Review of PAL
On Friday, Proficient Auto Logistics Inc [NASDAQ:PAL] saw its stock fall -0.20% to $10.22. Over the last five days, the stock has gained 3.34%. Proficient Auto Logistics Inc shares have risen nearly 26.64% since the year began.
Levels Of Support And Resistance For PAL Stock
The 24-hour chart illustrates a support level at 10.04, which if violated will result in even more drops to 9.85. On the upside, there is a resistance level at 10.46. A further resistance level may holdings at 10.69. The Relative Strength Index (RSI) on the 14-day chart is 64.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.25%. Stochastics %K at 91.58% indicates the stock is a selling.
How much short interest is there in Proficient Auto Logistics Inc?
A steep rise in short interest was recorded in Proficient Auto Logistics Inc stocks on 2024-12-31, growing by 92294.0 shares to a total of 1.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.18 million shares. There was a rise of 7.28%, which implies that there is a positive sentiment for the stock.
