Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ProKidney Corp shares valued at $41,315 were sold by Weber Darin J. on Apr 22 ’24. At $2.51 per share, Weber Darin J. sold 16,438 shares. The insider’s holdings dropped to 155,194 shares worth approximately $0.34 million following the completion of this transaction.
Also, Weber Darin J. sold 800 shares, netting a total of over 2,028 in proceeds. Following the sale of shares at $2.54 each, the insider now holds 171,632 shares.
Before that, Weber Darin J. had sold 17,238 shares from its account. In a trade valued at $43,095, the SVP of Regulatory Development traded ProKidney Corp shares for $2.50 each. Upon closing the transaction, the insider’s holdings decreased to 17,238 shares, worth approximately $0.37 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 drop of approximately -20.30%. Over the course of the year, ProKidney Corp shares have jumped approximately 21.35%. 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 $1.76, while a 200-day SMA reached $3.81. Nevertheless, trading volume fell to 0.51 million shares from 0.63 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 2.08, which, if violated, would cause prices to drop to 2.00. In the upper region, resistance lies at 2.25. The next price resistance is at 2.34. RSI (Relative Strength Index) is 51.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 68.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
