The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Palladyne AI Corp shares valued at $17,259 were purchased by Wolff Benjamin G on Mar 11 ’25. At $5.90 per share, Wolff Benjamin G acquired 2,923 shares. The insider’s holdings grew to 1,314,126 shares worth approximately $8.91 million following the completion of this transaction.
Also, Wolff Benjamin G purchased 5,000 shares, netting a total of over 31,981 in proceeds. Following the buying of shares at $6.40 each, the insider now holds 1,311,203 shares.
Before that, GARAGIC DENIS had sold 55,827 shares from its account. In a trade valued at $392,441, the CHIEF TECHNOLOGY OFFICER traded Palladyne AI Corp shares for $7.03 each. Upon closing the transaction, the insider’s holdings decreased to 55,827 shares, worth approximately $3.36 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 -12.74%. Over the course of the year, Palladyne AI Corp shares have dropped approximately -44.74%. 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 $8.13, while a 200-day SMA reached $4.16.
Support And Resistance Levels for Palladyne AI Corp (PDYN)
According to the 24-hour chart, there is a support level at 6.50, which, if violated, would cause prices to drop to 6.22. In the upper region, resistance lies at 7.09. The next price resistance is at 7.40. RSI (Relative Strength Index) is 44.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 57.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
