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Checking in on Pros Holdings Inc (PRO) after recent insiders movement

Pros Holdings Inc’s filing revealed that its EVP and CFO Schulz Stefan B unloaded Company’s shares for reported $0.22 million on Mar 04 ’24. In the deal valued at $35.92 per share,6,000 shares were sold. As a result of this transaction, Schulz Stefan B now holds 260,223 shares worth roughly $8.52 million.

Then, Reiner Andres sold 50,000 shares, generating $1,771,000 in total proceeds. Upon selling the shares at $35.42, the President & CEO now owns 983,692 shares.

Before that, Reiner Andres sold 50,000 shares. Pros Holdings Inc shares valued at $1,821,245 were divested by the President & CEO at a price of $36.42 per share. As a result of the transaction, Reiner Andres now holds 984,055 shares, worth roughly $32.23 million.

KeyBanc Capital Markets upgraded its Pros Holdings Inc [PRO] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Craig Hallum also remained covering PRO and has increased its forecast on May 04, 2022 with a “Buy” recommendation from previously “Hold” rating.

Price Performance Review of PRO

On Tuesday, Pros Holdings Inc [NYSE:PRO] saw its stock fall -4.52% to $32.75. Over the last five days, the stock has lost -4.44%. Pros Holdings Inc shares have fallen nearly -15.57% since the year began. Nevertheless, the stocks have risen 15.44% over the past one year. While a 52-week high of $40.99 was reached on 04/05/24, a 52-week low of $24.61 was recorded on 04/30/24. SMA at 50 days reached $35.26, while 200 days put it at $35.44. A total of 0.31 million shares were traded, compared to the trading of 0.15 million shares in the previous session.

Levels Of Support And Resistance For PRO Stock

The 24-hour chart illustrates a support level at 32.21, which if violated will result in even more drops to 31.67. On the upside, there is a resistance level at 33.80. A further resistance level may holdings at 34.85. The Relative Strength Index (RSI) on the 14-day chart is 36.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.23%. Stochastics %K at 18.31% indicates the stock is a buying.

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