Progress Software Corp.’s recently made public that its Chief Legal Officer WANG YUFAN STEPHANIE unloaded Company’s shares for reported $39472.0 on May 06 ’24. In the deal valued at $50.67 per share,779 shares were sold. As a result of this transaction, WANG YUFAN STEPHANIE now holds 0 shares worth roughly $0.0.
Then, Subramanian Sundar sold 584 shares, generating $29,136 in total proceeds. Upon selling the shares at $49.89, the EVP/GM Infrastructure Mgmt now owns 17,195 shares.
Before that, KRALL DAVID sold 20,000 shares. Progress Software Corp. shares valued at $1,020,000 were divested by the Director at a price of $51.00 per share. As a result of the transaction, KRALL DAVID now holds 86,641 shares, worth roughly $4.45 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 0.29% to $51.34. Over the last five days, the stock has gained 3.05%. Progress Software Corp. shares have fallen nearly -5.45% since the year began. Nevertheless, the stocks have fallen -5.33% 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 $51.91, while 200 days put it at $54.72. A total of 0.25 million shares were traded, compared to the trading of 0.17 million shares in the previous session.
Levels Of Support And Resistance For PRGS Stock
The 24-hour chart illustrates a support level at 50.99, which if violated will result in even more drops to 50.64. On the upside, there is a resistance level at 51.59. A further resistance level may holdings at 51.84. The Relative Strength Index (RSI) on the 14-day chart is 51.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.49%. Stochastics %K at 67.19% 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.
