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Keeping an Eye on Polaris Inc (PII) After Insider Trading Activity

Polaris Inc’s recently made public that its Officer Clark Dougherty Lucy acquired Company’s shares for reported $0.57 million on Dec 18 ’24. In the deal valued at $61.17 per share,9,314 shares were bought.

Morgan Stanley downgraded its Polaris Inc [PII] rating to an Equal-weight from a an Overweight in a research note published on January 21, 2025; the price target was decreased to $60 from $81. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “a Sector weight”. Robert W. Baird also remained covering PII and reiterated its “an Outperform” recommendation on December 30, 2024. DA Davidson revised its rating on July 25, 2024. It rated PII as “a Buy” which previously was an “a Neutral”.

Price Performance Review of PII

On Friday, Polaris Inc [NYSE:PII] saw its stock fall -2.73% to $47.70. Over the last five days, the stock has lost -11.39%. Polaris Inc shares have fallen nearly -17.22% since the year began. Nevertheless, the stocks have fallen -46.52% over the past one year. While a 52-week high of $100.91 was reached on 01/06/25, a 52-week low of $48.44 was recorded on 01/31/25. SMA at 50 days reached $59.82, while 200 days put it at $75.16.

Levels Of Support And Resistance For PII Stock

The 24-hour chart illustrates a support level at 46.46, which if violated will result in even more drops to 45.23. On the upside, there is a resistance level at 50.00. A further resistance level may holdings at 52.30. The Relative Strength Index (RSI) on the 14-day chart is 28.12, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.38%. Stochastics %K at 3.80% indicates the stock is a buying.

How much short interest is there in Polaris Inc?

A steep rise in short interest was recorded in Polaris Inc stocks on 2024-12-31, growing by 0.87 million shares to a total of 5.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.29 million shares. There was a rise of 16.8%, which implies that there is a positive sentiment for the stock.

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