Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Planet Labs PBC shares valued at $2,530 were sold by Johnson Ashley F. on Apr 01 ’24. At $2.53 per share, Johnson Ashley F. sold 1,000 shares. The insider’s holdings dropped to 1,957,012 shares worth approximately $11.39 million following the completion of this transaction.
Also, Johnson Ashley F. sold 1,000 shares, netting a total of over 2,180 in proceeds. Following the sale of shares at $2.18 each, the insider now holds 838,882 shares.
Before that, Johnson Ashley F. had sold 1,000 shares from its account. In a trade valued at $2,310, the CFO & COO traded Planet Labs PBC shares for $2.31 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $4.9 million.
As published in a research note from Craig Hallum on January 30, 2025, Planet Labs PBC [PL] has been rated up from a Hold to a Buy and the price target has been revised to $7. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in late January. As of September 06, 2024, Needham has reiterated its “Buy” rating for PL. Earlier on December 08, 2023, Craig Hallum downgraded its rating. Their new recommendation was “a Hold” for PL stock which previously was a “a Buy”.
Analyzing PL Stock Performance
During the last five days, there has been a surge of approximately 22.78%. Over the course of the year, Planet Labs PBC shares have jumped approximately 44.06%. Shares of the company reached a 52-week high of $6.25 on 01/30/25 and a 52-week low of $3.54 on 01/13/25. A 50-day SMA is recorded $4.11, while a 200-day SMA reached $2.62. Nevertheless, trading volume fell to 12.55 million shares from 24.55 million shares the previous day.
Support And Resistance Levels for Planet Labs PBC (PL)
According to the 24-hour chart, there is a support level at 5.46, which, if violated, would cause prices to drop to 5.11. In the upper region, resistance lies at 6.21. The next price resistance is at 6.61. RSI (Relative Strength Index) is 71.66 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.06, which suggests the price will increase in the coming days. Percent R is at 15.87%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
