Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PennyMac Financial Services Inc shares valued at $100,008 were sold by Follette James on Mar 06 ’25. At $100.81 per share, Follette James sold 992 shares. The insider’s holdings dropped to 7,338 shares worth approximately $0.7 million following the completion of this transaction.
Also, SPECTOR DAVID sold 5,000 shares, netting a total of over 506,398 in proceeds. Following the sale of shares at $101.28 each, the insider now holds 155,604 shares.
Before that, Jones Doug had sold 8,373 shares from its account. In a trade valued at $862,035, the Director, President & CMBO traded PennyMac Financial Services Inc shares for $102.95 each. Upon closing the transaction, the insider’s holdings decreased to 8,373 shares, worth approximately $1.83 million.
As published in a research note from Keefe Bruyette on July 22, 2024, PennyMac Financial Services Inc [PFSI] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $102. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early April. As of January 10, 2024, Deutsche Bank has initiated its “Buy” rating for PFSI. Earlier on January 10, 2024, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for PFSI stock which previously was a “an Outperform”.
Analyzing PFSI Stock Performance
During the last five days, there has been a drop of approximately -6.67%. Over the course of the year, PennyMac Financial Services Inc shares have dropped approximately -6.03%. Shares of the company reached a 52-week high of $115.46 on 01/30/25 and a 52-week low of $95.00 on 03/10/25. A 50-day SMA is recorded $103.18, while a 200-day SMA reached $101.93.
Support And Resistance Levels for PennyMac Financial Services Inc (PFSI)
According to the 24-hour chart, there is a support level at 94.78, which, if violated, would cause prices to drop to 93.58. In the upper region, resistance lies at 97.41. The next price resistance is at 98.84. RSI (Relative Strength Index) is 36.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.69, which suggests the price will decrease in the coming days. Percent R is at 91.16%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
