In a filing, PowerFleet Inc revealed its Officer Lewis Catherine J acquired Company’s shares for reported $1.84 million on Dec 05 ’24. In the deal valued at $6.82 per share,270,000 shares were bought.
Then, Lewis Catherine J sold 187,990 shares, generating $1,265,173 in total proceeds. Upon selling the shares at $6.73, the Chief Customer Officer now owns 52,972 shares.
Before that, Lewis Catherine J sold 82,010 shares. PowerFleet Inc shares valued at $578,170 were divested by the Chief Customer Officer at a price of $7.05 per share. As a result of the transaction, Lewis Catherine J now holds 240,962 shares, worth roughly $1.43 million.
Price Performance Review of AIOT
On Monday, PowerFleet Inc [NASDAQ:AIOT] saw its stock jump 0.68% to $5.95. Over the last five days, the stock has lost -4.80%. PowerFleet Inc shares have fallen nearly -10.66% since the year began. Nevertheless, the stocks have risen 85.94% over the past one year. While a 52-week high of $7.38 was reached on 01/06/25, a 52-week low of $2.85 was recorded on 01/14/25. SMA at 50 days reached $6.52, while 200 days put it at $5.31.
Levels Of Support And Resistance For AIOT Stock
The 24-hour chart illustrates a support level at 5.79, which if violated will result in even more drops to 5.62. On the upside, there is a resistance level at 6.06. A further resistance level may holdings at 6.16. The Relative Strength Index (RSI) on the 14-day chart is 43.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.44%. Stochastics %K at 58.73% indicates the stock is a holding.
How much short interest is there in PowerFleet Inc?
A steep rise in short interest was recorded in PowerFleet Inc stocks on 2025-01-15, growing by 0.67 million shares to a total of 8.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 7.91 million shares. There was a rise of 7.81%, which implies that there is a positive sentiment for the stock.
