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Analyzing Pegasystems Inc. (PEGA) After Recent Trading Activity

Pegasystems Inc.’s recently made public that its Chief Product Officer Akgonul Rifat Kerim unloaded Company’s shares for reported $0.13 million on Apr 01 ’24. In the deal valued at $63.72 per share,2,000 shares were sold. As a result of this transaction, Akgonul Rifat Kerim now holds 55,785 shares worth roughly $3.31 million.

Then, STILLWELL KENNETH sold 2,000 shares, generating $127,409 in total proceeds. Upon selling the shares at $63.70, the COO, CFO now owns 24,884 shares.

Before that, Trefler Leon sold 752 shares. Pegasystems Inc. shares valued at $48,278 were divested by the Chief of Clients and Markets at a price of $64.20 per share. As a result of the transaction, Trefler Leon now holds 39,940 shares, worth roughly $2.37 million.

Barclays upgraded its Pegasystems Inc. [PEGA] rating to an Equal weight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in early July from “a Neutral” to “an Outperform”. DA Davidson began covering PEGA with “Neutral” recommendation on June 06, 2023. Rosenblatt started covering the stock on May 08, 2023. It rated PEGA as “a Buy”.

Price Performance Review of PEGA

On Tuesday, Pegasystems Inc. [NASDAQ:PEGA] saw its stock fall -2.32% to $59.42. Over the last five days, the stock has gained 0.20%. Pegasystems Inc. shares have risen nearly 21.61% since the year began. Nevertheless, the stocks have risen 30.25% over the past one year. While a 52-week high of $69.26 was reached on 02/15/24, a 52-week low of $37.66 was recorded on 01/04/24. SMA at 50 days reached $62.65, while 200 days put it at $51.49. A total of 0.69 million shares were traded, compared to the trading of 0.8 million shares in the previous session.

Levels Of Support And Resistance For PEGA Stock

The 24-hour chart illustrates a support level at 58.78, which if violated will result in even more drops to 58.14. On the upside, there is a resistance level at 60.61. A further resistance level may holdings at 61.80. The Relative Strength Index (RSI) on the 14-day chart is 45.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.57%. Stochastics %K at 69.39% indicates the stock is a holding.

The most recent change occurred on March 09, 2023 when William Blair began covering the stock and recommended ‘”a Mkt perform”‘ rating .

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