Patrick Industries, Inc’s recently made public that its Director WELCH M SCOTT acquired Company’s shares for reported $0.21 million on Mar 13 ’25. In the deal valued at $84.62 per share,2,500 shares were bought. As a result of this transaction, WELCH M SCOTT now holds 2,961 shares worth roughly $0.24 million.
Then, Neu Stacey L sold 2,885 shares, generating $246,749 in total proceeds. Upon selling the shares at $85.53, the EVP & CHRO now owns 18,044 shares.
Before that, WELCH M SCOTT bought 10,000 shares. Patrick Industries, Inc shares valued at $862,215 were divested by the Director at a price of $86.22 per share. As a result of the transaction, WELCH M SCOTT now holds 136,000 shares, worth roughly $11.04 million.
Robert W. Baird downgraded its Patrick Industries, Inc [PATK] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. The Benchmark Company began covering PATK with “Buy” recommendation on August 29, 2024. BMO Capital Markets started covering the stock on December 07, 2023. It rated PATK as “an Outperform”.
Price Performance Review of PATK
On Monday, Patrick Industries, Inc [NASDAQ:PATK] saw its stock jump 0.90% to $81.15. Over the last five days, the stock has gained 4.63%. Patrick Industries, Inc shares have fallen nearly -2.32% since the year began. Nevertheless, the stocks have risen 11.61% over the past one year. While a 52-week high of $98.90 was reached on 02/05/25, a 52-week low of $67.72 was recorded on 04/08/25. SMA at 50 days reached $87.87, while 200 days put it at $87.12.
Levels Of Support And Resistance For PATK Stock
The 24-hour chart illustrates a support level at 79.52, which if violated will result in even more drops to 77.88. On the upside, there is a resistance level at 82.06. A further resistance level may holdings at 82.96. The Relative Strength Index (RSI) on the 14-day chart is 44.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.44%. Stochastics %K at 47.11% indicates the stock is a holding.
How much short interest is there in Patrick Industries, Inc?
A steep rise in short interest was recorded in Patrick Industries, Inc stocks on 2025-03-31, growing by 0.13 million shares to a total of 3.23 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 3.1 million shares. There was a rise of 4.12%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 19, 2023 when KeyBanc Capital Markets began covering the stock and recommended ‘”an Overweight”‘ rating along with a $80 price target.
