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. Piedmont Lithium Inc shares valued at $515,521 were sold by Phillips Keith D. on Dec 10 ’24. At $12.31 per share, Phillips Keith D. sold 41,867 shares. The insider’s holdings dropped to 170,616 shares worth approximately $1.45 million following the completion of this transaction.
As published in a research note from Macquarie on November 21, 2024, Piedmont Lithium Inc [PLL] has been rated up from an Underperform to a Neutral and the price target has been revised to $13.50. Analysts at ROTH MKM downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. As of October 21, 2024, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for PLL. Earlier on October 16, 2024, Macquarie downgraded its rating. Their new recommendation was “an Underperform” for PLL stock which previously was a “a Neutral”.
Analyzing PLL Stock Performance
During the last five days, there has been a drop of approximately -4.60%. Over the course of the year, Piedmont Lithium Inc shares have dropped approximately -2.75%. Shares of the company reached a 52-week high of $10.31 on 01/06/25 and a 52-week low of $8.50 on 01/22/25. A 50-day SMA is recorded $10.70, while a 200-day SMA reached $11.01. Nevertheless, trading volume fell to 0.53 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for Piedmont Lithium Inc (PLL)
According to the 24-hour chart, there is a support level at 8.27, which, if violated, would cause prices to drop to 8.03. In the upper region, resistance lies at 8.97. The next price resistance is at 9.43. RSI (Relative Strength Index) is 36.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.26, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
