Pros Holdings Inc’s recent filing unveils that its EVP and CFO Schulz Stefan B unloaded Company’s shares for reported $0.22 million on Mar 04 ’24. In the deal valued at $35.92 per share,6,000 shares were sold. As a result of this transaction, Schulz Stefan B now holds 260,223 shares worth roughly $9.85 million.
Then, Reiner Andres sold 50,000 shares, generating $1,771,000 in total proceeds. Upon selling the shares at $35.42, the President & CEO now owns 983,692 shares.
Before that, Reiner Andres sold 50,000 shares. Pros Holdings Inc shares valued at $1,821,245 were divested by the President & CEO at a price of $36.42 per share. As a result of the transaction, Reiner Andres now holds 984,055 shares, worth roughly $37.26 million.
KeyBanc Capital Markets upgraded its Pros Holdings Inc [PRO] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Craig Hallum also remained covering PRO and has increased its forecast on May 04, 2022 with a “Buy” recommendation from previously “Hold” rating.
Price Performance Review of PRO
On Friday, Pros Holdings Inc [NYSE:PRO] saw its stock jump 0.42% to $37.86. Over the last five days, the stock has gained 4.21%. Pros Holdings Inc shares have fallen nearly -2.40% since the year began. Nevertheless, the stocks have risen 42.06% over the past one year. While a 52-week high of $40.99 was reached on 04/05/24, a 52-week low of $24.61 was recorded on 02/09/24. SMA at 50 days reached $35.66, while 200 days put it at $35.07. A total of 0.5 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For PRO Stock
The 24-hour chart illustrates a support level at 37.30, which if violated will result in even more drops to 36.74. On the upside, there is a resistance level at 38.56. A further resistance level may holdings at 39.26. The Relative Strength Index (RSI) on the 14-day chart is 62.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.43%. Stochastics %K at 84.70% indicates the stock is a selling.
How much short interest is there in Pros Holdings Inc?
A steep rise in short interest was recorded in Pros Holdings Inc stocks on Mar 15, 2024, growing by 0.23 million shares to a total of 4.63 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.4 million shares. There was a rise of 4.97%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.50% of the overall stock float, the days-to-cover ratio (short ratio) rose to 15.58.
