In a filing, Phunware Inc revealed its Director MEWAWALLA RAHUL unloaded Company’s shares for reported $0.15 million on Nov 22 ’24. In the deal valued at $5.15 per share,29,595 shares were sold. As a result of this transaction, MEWAWALLA RAHUL now holds 0 shares worth roughly $0.0.
Then, MEWAWALLA RAHUL bought 29,595 shares, generating $152,414 in total proceeds.
Before that, Snavely Michael sold 6,000 shares. Phunware Inc shares valued at $34,004 were divested by the Chief Executive Officer at a price of $5.67 per share. As a result of the transaction, Snavely Michael now holds 19,143 shares, worth roughly $91312.10999999999.
H.C. Wainwright downgraded its Phunware Inc [PHUN] rating to a Neutral from a a Buy in a research note published on November 12, 2024; the price target was decreased to $6 from $9. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Ascendiant Capital Markets began covering PHUN with “Buy” recommendation on June 16, 2020.
Price Performance Review of PHUN
On Tuesday, Phunware Inc [NASDAQ:PHUN] saw its stock fall -11.17% to $4.77. Over the last five days, the stock has lost -20.50%. Phunware Inc shares have fallen nearly -8.27% since the year began. Nevertheless, the stocks have fallen -60.59% over the past one year. While a 52-week high of $24.01 was reached on 01/06/25, a 52-week low of $2.85 was recorded on 01/21/25. SMA at 50 days reached $4.97, while 200 days put it at $5.34.
Levels Of Support And Resistance For PHUN Stock
The 24-hour chart illustrates a support level at 4.47, which if violated will result in even more drops to 4.18. On the upside, there is a resistance level at 5.12. A further resistance level may holdings at 5.48. The Relative Strength Index (RSI) on the 14-day chart is 45.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.36%. Stochastics %K at 23.30% indicates the stock is a holding.
How much short interest is there in Phunware Inc?
A steep rise in short interest was recorded in Phunware Inc stocks on 2024-12-31, dropping by 19829.0 shares to a total of 2.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.03 million shares. There was a decline of -0.99%, which implies that there is a negative sentiment for the stock.
