The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ProKidney Corp shares valued at $43,095 were sold by Weber Darin J. on Apr 16 ’24. At $2.50 per share, Weber Darin J. sold 17,238 shares. The insider’s holdings dropped to 172,432 shares worth approximately $0.41 million following the completion of this transaction.
Also, Weber Darin J. sold 84,103 shares, netting a total of over 145,498 in proceeds. Following the sale of shares at $1.73 each, the insider now holds 189,670 shares.
Before that, Weber Darin J. had sold 300 shares from its account. In a trade valued at $507, the SVP of Regulatory Development traded ProKidney Corp shares for $1.69 each. Upon closing the transaction, the insider’s holdings decreased to 300 shares, worth approximately $0.66 million.
Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of July 25, 2023, BTIG Research has initiated its “Buy” rating for PROK. Earlier on December 21, 2022, Jefferies initiated its rating. Their recommendation was “a Buy” for PROK stock.
Analyzing PROK Stock Performance
During the last five days, there has been a surge of approximately 46.34%. Over the course of the year, ProKidney Corp shares have jumped approximately 34.83%. Shares of the company reached a 52-week high of $3.37 on 04/17/24 and a 52-week low of $1.18 on 02/13/24. A 50-day SMA is recorded $1.57, while a 200-day SMA reached $4.21. Nevertheless, trading volume fell to 1.51 million shares from 1.81 million shares the previous day.
Support And Resistance Levels for ProKidney Corp (PROK)
According to the 24-hour chart, there is a support level at 1.97, which, if violated, would cause prices to drop to 1.54. In the upper region, resistance lies at 2.81. The next price resistance is at 3.21. RSI (Relative Strength Index) is 66.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.84, which suggests the price will decrease in the coming days. Percent R is at 49.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
