Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Priority Technology Holdings Inc shares valued at $25,702,038 were sold by Priore John Vito on Jan 17 ’25. At $7.44 per share, Priore John Vito sold 3,454,575 shares. The insider’s holdings dropped to 5,314,430 shares worth approximately $54.53 million following the completion of this transaction.
Also, Priore John Vito sold 1,242,856 shares, netting a total of over 9,246,849 in proceeds. Following the sale of shares at $7.44 each, the insider now holds 4,071,574 shares.
Before that, Ram Ranjana had sold 18,385 shares from its account. In a trade valued at $136,784, the Chief Operating Officer traded Priority Technology Holdings Inc shares for $7.44 each. Upon closing the transaction, the insider’s holdings decreased to 18,385 shares, worth approximately $7.11 million.
As published in a research note from Keefe Bruyette on January 16, 2025, Priority Technology Holdings Inc [PRTH] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $14 from $10. Analysts at B. Riley Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of October 16, 2023, Keefe Bruyette has initiated its “Mkt perform” rating for PRTH. Earlier on July 31, 2023, Lake Street initiated its rating. Their recommendation was “a Buy” for PRTH stock.
Analyzing PRTH Stock Performance
During the last five days, there has been a surge of approximately 6.99%. Over the course of the year, Priority Technology Holdings Inc shares have dropped approximately -12.68%. Shares of the company reached a 52-week high of $12.30 on 01/03/25 and a 52-week low of $7.36 on 01/15/25. A 50-day SMA is recorded $9.76, while a 200-day SMA reached $6.40. Nevertheless, trading volume fell to 0.71 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Priority Technology Holdings Inc (PRTH)
According to the 24-hour chart, there is a support level at 10.00, which, if violated, would cause prices to drop to 9.75. In the upper region, resistance lies at 10.47. The next price resistance is at 10.69. RSI (Relative Strength Index) is 56.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.58, which suggests the price will decrease in the coming days. Percent R is at 5.80%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
