Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Procore Technologies Inc shares valued at $4,690,024 were sold by Courtemanche Craig F. Jr. on May 01 ’24. At $68.97 per share, Courtemanche Craig F. Jr. sold 68,000 shares. The insider’s holdings dropped to 530,049 shares worth approximately $36.06 million following the completion of this transaction.
Also, Singer Benjamin C sold 3,000 shares, netting a total of over 207,160 in proceeds. Following the sale of shares at $69.05 each, the insider now holds 122,321 shares.
Before that, Fu Howard had sold 1,441 shares from its account. In a trade valued at $102,340, the CFO & Treasurer traded Procore Technologies Inc shares for $71.02 each. Upon closing the transaction, the insider’s holdings decreased to 1,441 shares, worth approximately $13.08 million.
As published in a research note from JP Morgan on January 23, 2024, Procore Technologies Inc [PCOR] has been retained to an Overweight and the price target has been revised to $81. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in early November. As of November 02, 2023, Jefferies has decreased its “Buy” rating to a “Hold” for PCOR. Earlier on October 26, 2023, BMO Capital Markets initiated its rating. Their recommendation was “an Outperform” for PCOR stock.
Analyzing PCOR Stock Performance
During the last five days, there has been a drop of approximately -0.29%. Over the course of the year, Procore Technologies Inc shares have dropped approximately -1.70%. Shares of the company reached a 52-week high of $83.35 on 03/27/24 and a 52-week low of $64.04 on 01/03/24. A 50-day SMA is recorded $75.67, while a 200-day SMA reached $68.09. Nevertheless, trading volume fell to 1.42 million shares from 1.57 million shares the previous day.
Support And Resistance Levels for Procore Technologies Inc (PCOR)
According to the 24-hour chart, there is a support level at 67.63, which, if violated, would cause prices to drop to 67.22. In the upper region, resistance lies at 68.63. The next price resistance is at 69.21. RSI (Relative Strength Index) is 31.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.14, which suggests the price will decrease in the coming days. Percent R is at 78.66%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
