Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Perdoceo Education Corporation shares valued at $29,709 were sold by NELSON TODD S on Mar 28 ’24. At $17.79 per share, NELSON TODD S sold 1,670 shares. The insider’s holdings dropped to 615,697 shares worth approximately $10.46 million following the completion of this transaction.
Also, NELSON TODD S sold 16,000 shares, netting a total of over 283,200 in proceeds. Following the sale of shares at $17.70 each, the insider now holds 617,367 shares.
Before that, NELSON TODD S had sold 16,000 shares from its account. In a trade valued at $283,840, the President and CEO traded Perdoceo Education Corporation shares for $17.74 each. Upon closing the transaction, the insider’s holdings decreased to 16,000 shares, worth approximately $10.76 million.
Analyzing PRDO Stock Performance
During the last five days, there has been a drop of approximately -2.97%. Over the course of the year, Perdoceo Education Corporation shares have dropped approximately -3.25%. Shares of the company reached a 52-week high of $18.81 on 01/25/24 and a 52-week low of $16.12 on 02/22/24. A 50-day SMA is recorded $17.52, while a 200-day SMA reached $16.89. Nevertheless, trading volume fell to 0.86 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for Perdoceo Education Corporation (PRDO)
According to the 24-hour chart, there is a support level at 16.79, which, if violated, would cause prices to drop to 16.60. In the upper region, resistance lies at 17.18. The next price resistance is at 17.38. RSI (Relative Strength Index) is 39.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 68.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
