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 $182,996 were purchased by Strategic Shipping Inc. on Jun 16 ’25. At $4.63 per share, Strategic Shipping Inc. acquired 39,524 shares. The insider’s holdings grew to 18,870,317 shares worth approximately $96.99 million following the completion of this transaction.
Also, Strategic Shipping Inc. purchased 25,500 shares, netting a total of over 114,240 in proceeds. Following the buying of shares at $4.48 each, the insider now holds 18,824,875 shares.
Before that, Strategic Shipping Inc. had added 5,918 shares to its account. In a trade valued at $26,572, the 10% Owner bought Pangaea Logistics Solutions Ltd shares for $4.49 each. Upon closing the transaction, the insider’s holdings increased to 5,918 shares, worth approximately $96.79 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
On last trading session, Pangaea Logistics Solutions Ltd [NASDAQ: PANL] rose 1.38% to $5.14. The stock’s lowest price that day was $5.03, but it reached a high of $5.165 in the same session. During the last five days, there has been a surge of approximately 8.21%. Over the course of the year, Pangaea Logistics Solutions Ltd shares have dropped approximately -34.02%. 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.
Support And Resistance Levels for Pangaea Logistics Solutions Ltd (PANL)
According to the 24-hour chart, there is a support level at 5.06, which, if violated, would cause prices to drop to 4.98. In the upper region, resistance lies at 5.19. The next price resistance is at 5.25. RSI (Relative Strength Index) is 64.20 on the 14-day chart, showing neutral technical sentiment.
Is Pangaea Logistics Solutions Ltd subject to short interest?
Stocks of Pangaea Logistics Solutions Ltd saw a sharp rise in short interest on 2025-06-13 jumping by 0.17 million shares to 1.37 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 1.2 million shares. A jump of 12.34% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.31 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.31.
