Are Insiders Stocking Up on Their Own Shares? PRGX Global, Inc. (NASDAQ:PRGX) Update

According to the latest filings with the SEC, company insiders at PRGX Global, Inc. (NASDAQ:PRGX) have increased their position in the stock by 107.40% over the past 6 months.  Insiders now own 2.00% of total outstanding shares. 

University of Michigan professor and noted insider trading researcher discovered that when insiders bought shares of their own companies, the stocks outperformed the total market by 8.9% over the next 12-month period.  When they sold shares, the stock underperformed 5.4%.

PRGX Global, Inc. (NASDAQ:PRGX) stands 7.25% away from its 50-day simple moving average and also 12.95% away from the 200-day average.  Recently, the equity stands -1.71% away from the 52-week high and 68.82% from the 52-week low.  The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 61.03.

ANALYST RECOMMENDATIONS

Wall Street analysts on the sell-side covering shares of PRGX Global, Inc. (NASDAQ:PRGX) have a mean recommendation of 1.50 on the shares.  This is based on a numerical chart where each stock recommendation (Buy,Sell,Hold) is translated into a numerical equivalent.  A low number indicates a Buy and a higher number a Sell.  In terms of where analysts see the stock headed, they have a consensus price target of $8.00  on the shares.

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