Palladyne AI Corp’s recent filing unveils that its Director WEIBLING DENNIS M acquired Company’s shares for reported $0.47 million on Oct 31 ’24. In the deal valued at $2.20 per share,215,053 shares were bought. As a result of this transaction, WEIBLING DENNIS M now holds 389,884 shares worth roughly $3.12 million.
Then, Wolff Benjamin G bought 107,526 shares, generating $236,557 in total proceeds. Upon buying the shares at $2.20, the PRESIDENT & CEO now owns 107,526 shares.
Before that, GARAGIC DENIS bought 1,000 shares. Palladyne AI Corp shares valued at $1,550 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $1.55 per share. As a result of the transaction, GARAGIC DENIS now holds 553,743 shares, worth roughly $4.43 million.
Alliance Global Partners initiated its Palladyne AI Corp [PDYN] rating to a Buy in a research note published on January 27, 2025; the price target was $15.
Price Performance Review of PDYN
On Friday, Palladyne AI Corp [NASDAQ:PDYN] saw its stock fall -4.65% to $8.00. Over the last five days, the stock has lost -23.95%. Palladyne AI Corp shares have fallen nearly -34.80% since the year began. Nevertheless, the stocks have risen 1359.85% over the past one year. While a 52-week high of $14.95 was reached on 01/02/25, a 52-week low of $0.51 was recorded on 01/08/25. SMA at 50 days reached $7.97, while 200 days put it at $3.55.
Levels Of Support And Resistance For PDYN Stock
The 24-hour chart illustrates a support level at 7.65, which if violated will result in even more drops to 7.30. On the upside, there is a resistance level at 8.65. A further resistance level may holdings at 9.30. The Relative Strength Index (RSI) on the 14-day chart is 44.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.24%. Stochastics %K at 20.95% indicates the stock is a holding.
