Priority Technology Holdings Inc’s recent filing unveils that its Director Priore John Vito unloaded Company’s shares for reported $25.7 million on Jan 17 ’25. In the deal valued at $7.44 per share,3,454,575 shares were sold. As a result of this transaction, Priore John Vito now holds 5,314,430 shares worth roughly $ 60.74 million.
Then, Priore John Vito sold 1,242,856 shares, generating $9,246,849 in total proceeds. Upon selling the shares at $7.44, the Director now owns 4,071,574 shares.
Before that, Ram Ranjana sold 18,385 shares. Priority Technology Holdings Inc shares valued at $136,784 were divested by the Chief Operating Officer at a price of $7.44 per share. As a result of the transaction, Ram Ranjana now holds 693,004 shares, worth roughly $7.92 million.
Keefe Bruyette upgraded its Priority Technology Holdings Inc [PRTH] rating to an Outperform from a a Mkt perform in a research note published on January 16, 2025; the price target was increased to $14 from $10. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “a Buy”. Keefe Bruyette began covering PRTH with “Mkt perform” recommendation on October 16, 2023. Lake Street started covering the stock on July 31, 2023. It rated PRTH as “a Buy”.
Price Performance Review of PRTH
On Friday, Priority Technology Holdings Inc [NASDAQ:PRTH] saw its stock jump 2.70% to $11.43. Over the last five days, the stock has gained 2.05%. Priority Technology Holdings Inc shares have fallen nearly -2.72% since the year began. Nevertheless, the stocks have risen 272.31% over the past one year. While a 52-week high of $12.44 was reached on 01/03/25, a 52-week low of $2.82 was recorded on 01/15/25. SMA at 50 days reached $10.03, while 200 days put it at $6.68.
Levels Of Support And Resistance For PRTH Stock
The 24-hour chart illustrates a support level at 11.01, which if violated will result in even more drops to 10.58. On the upside, there is a resistance level at 11.65. A further resistance level may holdings at 11.86. The Relative Strength Index (RSI) on the 14-day chart is 63.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.21%. Stochastics %K at 90.94% indicates the stock is a selling.
How much short interest is there in Priority Technology Holdings Inc?
A steep rise in short interest was recorded in Priority Technology Holdings Inc stocks on 2025-01-31, dropping by -0.29 million shares to a total of 0.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 0.7 million shares. There was a decline of -69.87%, which implies that there is a negative sentiment for the stock.
