Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Patrick Industries, Inc shares valued at $211,562 were purchased by WELCH M SCOTT on Mar 13 ’25. At $84.62 per share, WELCH M SCOTT acquired 2,500 shares. The insider’s holdings grew to 2,961 shares worth approximately $0.23 million following the completion of this transaction.
Also, Neu Stacey L sold 2,885 shares, netting a total of over 246,749 in proceeds. Following the sale of shares at $85.53 each, the insider now holds 18,044 shares.
Before that, WELCH M SCOTT had added 10,000 shares to its account. In a trade valued at $862,215, the Director bought Patrick Industries, Inc shares for $86.22 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $10.78 million.
As published in a research note from Robert W. Baird on April 04, 2025, Patrick Industries, Inc [PATK] has been rated down from an Outperform to a Neutral and the price target has been revised to $96. Analysts at Raymond James started covering the stock with ‘”an Outperform”‘ outlook in a report released in early October. As of August 29, 2024, The Benchmark Company has initiated its “Buy” rating for PATK. Earlier on December 07, 2023, BMO Capital Markets initiated its rating. Their recommendation was “an Outperform” for PATK stock.
Analyzing PATK Stock Performance
During the last five days, there has been a drop of approximately -1.15%. Over the course of the year, Patrick Industries, Inc shares have dropped approximately -4.57%. Shares of the company reached a 52-week high of $98.60 on 02/05/25 and a 52-week low of $72.99 on 04/08/25. A 50-day SMA is recorded $86.83, while a 200-day SMA reached $87.22.
Support And Resistance Levels for Patrick Industries, Inc (PATK)
According to the 24-hour chart, there is a support level at 78.25, which, if violated, would cause prices to drop to 77.21. In the upper region, resistance lies at 80.22. The next price resistance is at 81.15. RSI (Relative Strength Index) is 41.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.31, which suggests the price will decrease in the coming days. Percent R is at 61.03%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
