Phunware Inc’s recently made public that 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 $72934.83.
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 Monday, Phunware Inc [NASDAQ:PHUN] saw its stock fall -4.03% to $3.81. Over the last five days, the stock has lost -3.79%. Phunware Inc shares have fallen nearly -26.73% since the year began. Nevertheless, the stocks have fallen -76.20% over the past one year. While a 52-week high of $21.72 was reached on 01/06/25, a 52-week low of $2.85 was recorded on 02/03/25. SMA at 50 days reached $4.71, while 200 days put it at $5.19.
Levels Of Support And Resistance For PHUN Stock
The 24-hour chart illustrates a support level at 3.71, which if violated will result in even more drops to 3.62. On the upside, there is a resistance level at 3.90. A further resistance level may holdings at 4.00. The Relative Strength Index (RSI) on the 14-day chart is 35.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.63%. Stochastics %K at 7.36% indicates the stock is a buying.
How much short interest is there in Phunware Inc?
A steep rise in short interest was recorded in Phunware Inc stocks on 2025-01-15, growing by 0.6 million shares to a total of 2.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.84 million shares. There was a rise of 24.58%, which implies that there is a positive sentiment for the stock.
