PTC Inc’s recently made public that its Director LACY PAUL A unloaded Company’s shares for reported $1.4 million on Mar 01 ’24. In the deal valued at $187.21 per share,7,500 shares were sold. As a result of this transaction, LACY PAUL A now holds 11,037 shares worth roughly $2.06 million.
Then, Kniker Catherine sold 1,330 shares, generating $238,849 in total proceeds. Upon selling the shares at $179.59, the Chief Strategy Officer now owns 13,864 shares.
Before that, HEPPELMANN JAMES E sold 35,000 shares. PTC Inc shares valued at $6,203,355 were divested by the CEO at a price of $177.24 per share. As a result of the transaction, HEPPELMANN JAMES E now holds 968,357 shares, worth roughly $180.51 million.
JP Morgan upgraded its PTC Inc [PTC] rating to an Overweight from a a Neutral in a research note published on January 04, 2024; the price target was increased to $200 from $130. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in late October from “a Perform” to “an Outperform”. Piper Sandler began covering PTC with “Neutral” recommendation on June 14, 2023. BMO Capital Markets started covering the stock on May 24, 2023. It rated PTC as “an Outperform”.
Price Performance Review of PTC
On Monday, PTC Inc [NASDAQ:PTC] saw its stock jump 0.61% to $186.41. Over the last five days, the stock has lost -0.91%. PTC Inc shares have risen nearly 6.54% since the year began. Nevertheless, the stocks have risen 47.78% over the past one year. While a 52-week high of $194.24 was reached on 03/21/24, a 52-week low of $120.62 was recorded on 01/05/24. SMA at 50 days reached $183.54, while 200 days put it at $158.81. A total of 0.61 million shares were traded, compared to the trading of 54751.0 shares in the previous session.
Levels Of Support And Resistance For PTC Stock
The 24-hour chart illustrates a support level at 183.81, which if violated will result in even more drops to 181.20. On the upside, there is a resistance level at 188.50. A further resistance level may holdings at 190.58. The Relative Strength Index (RSI) on the 14-day chart is 51.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.75%. Stochastics %K at 25.89% indicates the stock is a holding.
How much short interest is there in PTC Inc?
A steep rise in short interest was recorded in PTC Inc stocks on Mar 15, 2024, dropping by 30000.0 shares to a total of 1.67 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.7 million shares. There was a decline of -1.8%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.58% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.9.
