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In a filing, Polaris Inc disclosed that its CFO, EVP – Finance + Corp Dave Mack Robert Paul unloaded $1.08 million of shares of the company on Aug 07. In a transaction valued at $130.00 per share, 8,312 shares were sold. As a result of this transaction, Mack Robert Paul now owns 28,356 shares worth approximately $3.23 million.
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Then, FARR Kevin M sold 3,225 shares, generating a total of $429,828. Having sold the shares at $133.28, the director now holds 14,645 shares.
Previously, Eastman Stephen L. had sold 10,000 shares. Polaris Inc. worth $1,358,200. shares were divested by President – PG&A + Aftermarket at a price of $135.82 per share. As a result of the transaction, Eastman Stephen L. now holds 17,800 shares, worth approximately $2.03 million.
Raymond James downgraded his Polaris Inc. [PII] The market has ‘Performance’ rating from AA Strong Buy in a research note published on Friday.
Price Performance Review of PII
On Friday Polaris Inc. [NYSE:PII] Its stock jumped 1.71% to $114.01. In the same session, the stock hit a low of $112.77 for the day, but reached a high of $114.24. The stock has gained 3.01% in last five days. Shares of Polaris Inc. are up about 12.88% since the year began. Nevertheless, the shares have gained 0.65% in last one year. While the 52-week high of $138.49 was reached on 07/27/23, the 52-week low of $91.86 was recorded on 01/03/23. The 50-day SMA reached $123.62, while the 200-day reached $113.13. A total of 0.32 million shares were traded, as against 0.45 million shares traded in the previous session.
Support and resistance levels for PII stock
The 24-hour chart shows support at 113.11, breach of which will lead to further decline to 112.20. On the upside, there is a resistance level at 114.58. Another resistance level may remain at 115.14. The Relative Strength Index (RSI) on the 14-day chart is at 38.28, indicating neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) is at -0.59, which suggests that the price will move lower in the next trading period. The percentage R suggests that the price movement has been bearish at 70.30%. The Stochastics %K at 20.90% indicates that the stock is a holding.
Polaris Inc. How much is meager interest?
On August 14, 2023, Polaris Inc. The shares saw a significant increase in short interest, falling from -0.62 million shares to a total of 4.63 million shares. Yahoo Finance data shows that the prior-month short interest stood at 5.25 million shares as of July 13, 2023. declined by -13.39% which means there is a negative sentiment for the stock. Despite short stocks comprising only 11.15% of total stock floated, the days-to-cover ratio (short ratio) fell to 7.02.
Polaris Inc. [PII] Who are the biggest shareholders?
In a filing with Capital Research and Management Company, it was revealed that the company now holds 6,182,942 shares, or approximately 10.91% of PII shares outstanding. In other words, the investor’s shares have increased by 880 from its previous 13-F filing of 6,182,062.0. Additionally, The Vanguard Group, Inc. reduced its stake by -1.27% to $771,595,244, while BlackRock Fund Advisors reduced its stake by -4.98% to $577.45 million in the firm. Last quarter, SSGA Funds Management, Inc. Polaris Inc. K sold -468,208 shares, while Manulife Investment Management sold -131,697 shares. Currently, Van Eck Associates Corp holds 2,238,254 shares valued at $304.04 million. Butell, Goodman & Company Ltd. held 2,227,628 shares of the company, worth $302.6 million, at the time of its most recent 13F filing.
According to FactSet, based on opinions of analysts polled by the firm, Polaris Inc share price next year will average $129.64. This is an increase of about 15.98 percent from its previous closing price of $112.09. Analysts expect Polaris Inc. The stock will reach a high price of $152.00, while the lowest estimate is $90.00.
Source: www.bing.com
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