In a filing, Procore Technologies Inc revealed its Director O CONNOR KEVIN J unloaded Company’s shares for reported $0.51 million on Apr 04 ’24. In the deal valued at $79.20 per share,6,410 shares were sold. As a result of this transaction, O CONNOR KEVIN J now holds 1,494,311 shares worth roughly $116.38 million.
Then, O CONNOR KEVIN J sold 6,410 shares, generating $500,557 in total proceeds. Upon selling the shares at $78.09, the Director now owns 1,500,721 shares.
Before that, O CONNOR KEVIN J sold 6,410 shares. Procore Technologies Inc shares valued at $494,390 were divested by the Director at a price of $77.13 per share. As a result of the transaction, O CONNOR KEVIN J now holds 1,507,131 shares, worth roughly $117.38 million.
JP Morgan reiterated its Procore Technologies Inc [PCOR] rating to an Overweight in a research note published on January 23, 2024; the price target was $81. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Perform”. Jefferies also remained covering PCOR and has decreased its forecast on November 02, 2023 with a “Hold” recommendation from previously “Buy” rating. BMO Capital Markets started covering the stock on October 26, 2023. It rated PCOR as “an Outperform”.
Price Performance Review of PCOR
On Friday, Procore Technologies Inc [NYSE:PCOR] saw its stock jump 0.27% to $77.88. Over the last five days, the stock has lost -5.22%. Procore Technologies Inc shares have risen nearly 12.51% since the year began. Nevertheless, the stocks have risen 34.67% over the past one year. While a 52-week high of $83.35 was reached on 03/27/24, a 52-week low of $48.11 was recorded on 01/03/24. SMA at 50 days reached $76.54, while 200 days put it at $67.65. A total of 0.77 million shares were traded, compared to the trading of 1.69 million shares in the previous session.
Levels Of Support And Resistance For PCOR Stock
The 24-hour chart illustrates a support level at 77.44, which if violated will result in even more drops to 77.01. On the upside, there is a resistance level at 78.42. A further resistance level may holdings at 78.97. The Relative Strength Index (RSI) on the 14-day chart is 46.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.29%. Stochastics %K at 23.52% indicates the stock is a holding.
How much short interest is there in Procore Technologies Inc?
A steep rise in short interest was recorded in Procore Technologies Inc stocks on Mar 15, 2024, growing by 0.25 million shares to a total of 4.74 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.49 million shares. There was a rise of 5.27%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.21% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.86.
