Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pangaea Logistics Solutions Ltd shares valued at $318,000 were purchased by Strategic Shipping Inc. on Apr 10 ’25. At $4.24 per share, Strategic Shipping Inc. acquired 75,000 shares. The insider’s holdings grew to 18,587,149 shares worth approximately $79.18 million following the completion of this transaction.
Also, Strategic Shipping Inc. purchased 7,807 shares, netting a total of over 32,009 in proceeds. Following the buying of shares at $4.10 each, the insider now holds 18,512,149 shares.
Before that, Strategic Shipping Inc. had added 6,504 shares to its account. In a trade valued at $27,577, the 10% Owner bought Pangaea Logistics Solutions Ltd shares for $4.24 each. Upon closing the transaction, the insider’s holdings increased to 6,504 shares, worth approximately $79.21 million.
As published in a research note from Alliance Global Partners on May 13, 2024, Pangaea Logistics Solutions Ltd [PANL] has been rated up from a Neutral to a Buy and the price target has been revised to $10.25. Analysts at Alliance Global Partners downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of August 03, 2022, Alliance Global Partners has initiated its “Buy” rating for PANL. Earlier on September 17, 2021, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for PANL stock.
Analyzing PANL Stock Performance
During the last five days, there has been a surge of approximately 0.95%. Over the course of the year, Pangaea Logistics Solutions Ltd shares have dropped approximately -20.52%. Shares of the company reached a 52-week high of $5.88 on 01/16/25 and a 52-week low of $3.93 on 04/04/25. A 50-day SMA is recorded $4.94, while a 200-day SMA reached $5.96.
Support And Resistance Levels for Pangaea Logistics Solutions Ltd (PANL)
According to the 24-hour chart, there is a support level at 4.22, which, if violated, would cause prices to drop to 4.19. In the upper region, resistance lies at 4.29. The next price resistance is at 4.33. RSI (Relative Strength Index) is 39.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 65.62%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
