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Investing in PTC Inc (PTC) Is Getting More Attractive

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 $1.99 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 $174.96 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 fall -0.17% to $180.68. Over the last five days, the stock has gained 1.19%. PTC Inc shares have risen nearly 3.27% since the year began. Nevertheless, the stocks have risen 46.49% 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 $183.38, while 200 days put it at $161.76. A total of 0.71 million shares were traded, compared to the trading of 0.74 million shares in the previous session.

Levels Of Support And Resistance For PTC Stock

The 24-hour chart illustrates a support level at 179.55, which if violated will result in even more drops to 178.42. On the upside, there is a resistance level at 181.81. A further resistance level may holdings at 182.95. The Relative Strength Index (RSI) on the 14-day chart is 47.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 49.85%. Stochastics %K at 48.34% indicates the stock is a holding.

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