In a filing, PowerFleet Inc revealed its Officer Lewis Catherine J acquired Company’s shares for reported $1.84 million on Dec 05 ’24. In the deal valued at $6.82 per share,270,000 shares were bought.
Then, Lewis Catherine J sold 187,990 shares, generating $1,265,173 in total proceeds. Upon selling the shares at $6.73, the Chief Customer Officer now owns 52,972 shares.
Before that, Lewis Catherine J sold 82,010 shares. PowerFleet Inc shares valued at $578,170 were divested by the Chief Customer Officer at a price of $7.05 per share. As a result of the transaction, Lewis Catherine J now holds 240,962 shares, worth roughly $1.15 million.
Price Performance Review of AIOT
On Monday, PowerFleet Inc [NASDAQ:AIOT] saw its stock fall -1.24% to $4.78. Over the last five days, the stock has gained 6.22%. PowerFleet Inc shares have fallen nearly -28.23% since the year began. Nevertheless, the stocks have risen 12.47% over the past one year. While a 52-week high of $8.71 was reached on 02/11/25, a 52-week low of $3.70 was recorded on 04/04/25. SMA at 50 days reached $6.22, while 200 days put it at $5.65.
Levels Of Support And Resistance For AIOT Stock
The 24-hour chart illustrates a support level at 4.59, which if violated will result in even more drops to 4.41. On the upside, there is a resistance level at 5.01. A further resistance level may holdings at 5.25. The Relative Strength Index (RSI) on the 14-day chart is 40.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.70%. Stochastics %K at 39.55% indicates the stock is a holding.
How much short interest is there in PowerFleet Inc?
A steep rise in short interest was recorded in PowerFleet Inc stocks on 2025-03-31, growing by 3.67 million shares to a total of 11.2 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 7.53 million shares. There was a rise of 32.78%, which implies that there is a positive sentiment for the stock.
