Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PowerFleet Inc shares valued at $1,842,559 were purchased by Lewis Catherine J on Dec 05 ’24. At $6.82 per share, Lewis Catherine J acquired 270,000 shares.
Also, Lewis Catherine J sold 187,990 shares, netting a total of over 1,265,173 in proceeds. Following the sale of shares at $6.73 each, the insider now holds 52,972 shares.
Before that, Lewis Catherine J had sold 82,010 shares from its account. In a trade valued at $578,170, the Chief Customer Officer traded PowerFleet Inc shares for $7.05 each. Upon closing the transaction, the insider’s holdings decreased to 82,010 shares, worth approximately $1.46 million.
Analyzing AIOT Stock Performance
During the last five days, there has been a drop of approximately -2.26%. Over the course of the year, PowerFleet Inc shares have dropped approximately -9.16%. Shares of the company reached a 52-week high of $6.73 on 01/06/25 and a 52-week low of $5.25 on 01/14/25. A 50-day SMA is recorded $6.53, while a 200-day SMA reached $5.28. Nevertheless, trading volume fell to 0.62 million shares from 1.24 million shares the previous day.
Support And Resistance Levels for PowerFleet Inc (AIOT)
According to the 24-hour chart, there is a support level at 5.98, which, if violated, would cause prices to drop to 5.91. In the upper region, resistance lies at 6.15. The next price resistance is at 6.25. RSI (Relative Strength Index) is 45.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 36.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
