Progress Software Corp.’s recent filing unveils that its Director KRALL DAVID unloaded Company’s shares for reported $1.02 million on Apr 11 ’24. In the deal valued at $51.00 per share,20,000 shares were sold. As a result of this transaction, KRALL DAVID now holds 86,641 shares worth roughly $4.46 million.
Then, Pitt Ian sold 1,283 shares, generating $66,896 in total proceeds. Upon selling the shares at $52.14, the Chief Information Officer now owns 3,167 shares.
Before that, Gupta Yogesh K sold 50,808 shares. Progress Software Corp. shares valued at $2,669,601 were divested by the Chief Executive Officer at a price of $52.54 per share. As a result of the transaction, Gupta Yogesh K now holds 145,186 shares, worth roughly $7.47 million.
DA Davidson initiated its Progress Software Corp. [PRGS] rating to a Buy in a research note published on March 28, 2024; the price target was $65. Jefferies began covering PRGS with “Hold” recommendation on September 09, 2022. Guggenheim started covering the stock on August 12, 2022. It rated PRGS as “a Buy”.
Price Performance Review of PRGS
On Tuesday, Progress Software Corp. [NASDAQ:PRGS] saw its stock jump 0.47% to $51.43. Over the last five days, the stock has gained 1.40%. Progress Software Corp. shares have fallen nearly -5.29% since the year began. Nevertheless, the stocks have fallen -9.23% over the past one year. While a 52-week high of $62.34 was reached on 01/24/24, a 52-week low of $49.00 was recorded on 04/16/24. SMA at 50 days reached $52.93, while 200 days put it at $55.10. A total of 0.64 million shares were traded, compared to the trading of 0.45 million shares in the previous session.
Levels Of Support And Resistance For PRGS Stock
The 24-hour chart illustrates a support level at 50.89, which if violated will result in even more drops to 50.36. On the upside, there is a resistance level at 51.89. A further resistance level may holdings at 52.35. The Relative Strength Index (RSI) on the 14-day chart is 47.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.04%. Stochastics %K at 58.89% indicates the stock is a holding.
The most recent change occurred on October 22, 2021 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $60 price target.
