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Pegasystems Inc. [PEGA] Insider Selling: Time to sell?

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In a filing, Pegasystems Inc. revealed its COO, CFO STILLWELL KENNETH unloaded Company’s shares for reported $0.12 million on May 01 ’24. In the deal valued at $60.39 per share,2,000 shares were sold. As a result of this transaction, STILLWELL KENNETH now holds 22,884 shares worth roughly $1.41 million.

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Then, Akgonul Rifat Kerim sold 2,000 shares, generating $120,771 in total proceeds. Upon selling the shares at $60.39, the Chief Product Officer now owns 53,785 shares.

Before that, Trefler Leon sold 752 shares. Pegasystems Inc. shares valued at $45,376 were divested by the Chief of Clients and Markets at a price of $60.34 per share. As a result of the transaction, Trefler Leon now holds 39,188 shares, worth roughly $2.42 million.

Barclays upgraded its Pegasystems Inc. [PEGA] rating to an Equal weight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in early July from “a Neutral” to “an Outperform”. DA Davidson began covering PEGA with “Neutral” recommendation on June 06, 2023. Rosenblatt started covering the stock on May 08, 2023. It rated PEGA as “a Buy”.

Price Performance Review of PEGA

On Tuesday, Pegasystems Inc. [NASDAQ:PEGA] saw its stock fall -3.68% to $61.77. Over the last five days, the stock has gained 0.82%. Pegasystems Inc. shares have risen nearly 26.42% since the year began. Nevertheless, the stocks have risen 39.94% over the past one year. While a 52-week high of $69.26 was reached on 02/15/24, a 52-week low of $37.66 was recorded on 01/04/24. SMA at 50 days reached $61.77, while 200 days put it at $52.13. A total of 0.38 million shares were traded, compared to the trading of 0.31 million shares in the previous session.

Levels Of Support And Resistance For PEGA Stock

The 24-hour chart illustrates a support level at 61.02, which if violated will result in even more drops to 60.27. On the upside, there is a resistance level at 63.24. A further resistance level may holdings at 64.71. The Relative Strength Index (RSI) on the 14-day chart is 51.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.62%. Stochastics %K at 80.02% indicates the stock is a selling.

The most recent change occurred on March 09, 2023 when William Blair began covering the stock and recommended ‘”a Mkt perform”‘ rating.

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