Porch Group Inc’s recent filing unveils that its CHIEF FINANCIAL OFFICER Tabak Shawn unloaded Company’s shares for reported $76956.0 on Mar 26 ’24. In the deal valued at $4.04 per share,19,040 shares were sold. As a result of this transaction, Tabak Shawn now holds 292,311 shares worth roughly $1.26 million.
Then, Tabak Shawn sold 25,678 shares, generating $102,743 in total proceeds. Upon selling the shares at $4.00, the CHIEF FINANCIAL OFFICER now owns 311,351 shares.
Before that, Tabak Shawn sold 30,282 shares. Porch Group Inc shares valued at $116,796 were divested by the CHIEF FINANCIAL OFFICER at a price of $3.86 per share. As a result of the transaction, Tabak Shawn now holds 337,029 shares, worth roughly $1.46 million.
Loop Capital downgraded its Porch Group Inc [PRCH] rating to a Hold from a a Buy in a research note published on March 15, 2023; the price target was decreased to $2 from $4. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early November from “an Overweight” to “a Neutral”. Keefe Bruyette revised its rating on July 25, 2022. It rated PRCH as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of PRCH
On Tuesday, Porch Group Inc [NASDAQ:PRCH] saw its stock fall -1.82% to $4.32. Over the last five days, the stock has gained 7.73%. Porch Group Inc shares have risen nearly 40.26% since the year began. Nevertheless, the stocks have risen 215.33% over the past one year. While a 52-week high of $4.78 was reached on 04/04/24, a 52-week low of $0.50 was recorded on 01/19/24. SMA at 50 days reached $3.31, while 200 days put it at $1.87. A total of 1.07 million shares were traded, compared to the trading of 3.06 million shares in the previous session.
Levels Of Support And Resistance For PRCH Stock
The 24-hour chart illustrates a support level at 4.20, which if violated will result in even more drops to 4.09. On the upside, there is a resistance level at 4.45. A further resistance level may holdings at 4.58. The Relative Strength Index (RSI) on the 14-day chart is 61.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.30%. Stochastics %K at 66.79% indicates the stock is a holding.
How much short interest is there in Porch Group Inc?
A steep rise in short interest was recorded in Porch Group Inc stocks on Mar 15, 2024, growing by 0.17 million shares to a total of 9.36 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 9.19 million shares. There was a rise of 1.82%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 20.68% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.19.
The most recent change occurred on May 25, 2022 when Compass Point began covering the stock and recommended ‘”a Buy”‘ rating along with a $11.50 price target.
