Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PTC Inc shares valued at $524,422 were sold by Katz Michal on May 03 ’24. At $174.81 per share, Katz Michal sold 3,000 shares. The insider’s holdings dropped to 1,992 shares worth approximately $0.36 million following the completion of this transaction.
Also, VON STAATS AARON C sold 2,432 shares, netting a total of over 426,480 in proceeds. Following the sale of shares at $175.36 each, the insider now holds 14,902 shares.
Before that, LACY PAUL A had sold 7,500 shares from its account. In a trade valued at $1,404,084, the Director traded PTC Inc shares for $187.21 each. Upon closing the transaction, the insider’s holdings decreased to 7,500 shares, worth approximately $1.99 million.
As published in a research note from JP Morgan on January 04, 2024, PTC Inc [PTC] has been rated up from a Neutral to an Overweight and the price target has been revised to $200 from $130. Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in late October. As of June 14, 2023, Piper Sandler has initiated its “Neutral” rating for PTC. Earlier on May 24, 2023, BMO Capital Markets initiated its rating. Their recommendation was “an Outperform” for PTC stock.
Analyzing PTC Stock Performance
During the last five days, there has been a surge of approximately 5.51%. Over the course of the year, PTC Inc shares have jumped approximately 2.88%. Shares of the company reached a 52-week high of $194.24 on 03/21/24 and a 52-week low of $163.30 on 05/02/24. A 50-day SMA is recorded $182.85, while a 200-day SMA reached $163.02. Nevertheless, trading volume fell to 0.54 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for PTC Inc (PTC)
According to the 24-hour chart, there is a support level at 178.78, which, if violated, would cause prices to drop to 177.57. In the upper region, resistance lies at 180.76. The next price resistance is at 181.53. RSI (Relative Strength Index) is 50.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.71, which suggests the price will decrease in the coming days. Percent R is at 14.75%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
