Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Palladyne AI Corp shares valued at $392,441 were sold by GARAGIC DENIS on Feb 24 ’25. At $7.03 per share, GARAGIC DENIS sold 55,827 shares. The insider’s holdings dropped to 495,978 shares worth approximately $3.21 million following the completion of this transaction.
Also, VOGT MATTHEW sold 14,938 shares, netting a total of over 105,008 in proceeds. Following the sale of shares at $7.03 each, the insider now holds 96,923 shares.
Before that, SONNE STEPHEN had sold 10,529 shares from its account. In a trade valued at $74,015, the CHIEF LEGAL OFFICER traded Palladyne AI Corp shares for $7.03 each. Upon closing the transaction, the insider’s holdings decreased to 10,529 shares, worth approximately $0.82 million.
As published in their initiating research note from Alliance Global Partners on January 27, 2025, Palladyne AI Corp [PDYN] has been a Buy and the price target has been revised to $15.
Analyzing PDYN Stock Performance
During the last five days, there has been a drop of approximately -25.72%. Over the course of the year, Palladyne AI Corp shares have dropped approximately -47.27%. Shares of the company reached a 52-week high of $12.60 on 01/02/25 and a 52-week low of $5.66 on 02/25/25. A 50-day SMA is recorded $8.11, while a 200-day SMA reached $3.63. Nevertheless, trading volume fell to 3.89 million shares from 3.39 million shares the previous day.
Support And Resistance Levels for Palladyne AI Corp (PDYN)
According to the 24-hour chart, there is a support level at 6.27, which, if violated, would cause prices to drop to 6.07. In the upper region, resistance lies at 6.75. The next price resistance is at 7.02. RSI (Relative Strength Index) is 39.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.63, which suggests the price will decrease in the coming days. Percent R is at 87.98%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
