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Macquarie’s latest rating for PCOR stock

Procore Technologies Inc’s recently made public that its CEO & President Courtemanche Craig F. Jr. unloaded Company’s shares for reported $4.5 million on Jun 03 ’24. In the deal valued at $66.17 per share,68,000 shares were sold. As a result of this transaction, Courtemanche Craig F. Jr. now holds 528,699 shares worth roughly $34.87 million.

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Then, Singer Benjamin C sold 2,000 shares, generating $135,160 in total proceeds. Upon selling the shares at $67.58, the Chief Legal Officer; Secretary now owns 110,705 shares.

Before that, Fleming William Fred Jr sold 10,000 shares. Procore Technologies Inc shares valued at $689,815 were divested by the SVP, Corporate Controller at a price of $68.98 per share. As a result of the transaction, Fleming William Fred Jr now holds 81,863 shares, worth roughly $5.4 million.

Macquarie initiated its Procore Technologies Inc [PCOR] rating to a Neutral in a research note published on June 05, 2024; the price target was $70. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in early June from “a Buy” to “a Neutral”. JP Morgan also remained covering PCOR and reiterated its “an Overweight” recommendation on January 23, 2024. Oppenheimer revised its rating on November 02, 2023. It rated PCOR as “a Perform” which previously was an “an Outperform”.

Price Performance Review of PCOR

On Friday, Procore Technologies Inc [NYSE:PCOR] saw its stock fall -0.92% to $65.95. Over the last five days, the stock has lost -1.76%. Procore Technologies Inc shares have fallen nearly -4.72% since the year began. Nevertheless, the stocks have risen 2.23% over the past one year. While a 52-week high of $83.35 was reached on 03/27/24, a 52-week low of $48.11 was recorded on 06/04/24. SMA at 50 days reached $70.94, while 200 days put it at $68.17. A total of 0.71 million shares were traded, compared to the trading of 0.81 million shares in the previous session.

Levels Of Support And Resistance For PCOR Stock

The 24-hour chart illustrates a support level at 65.60, which if violated will result in even more drops to 65.24. On the upside, there is a resistance level at 66.37. A further resistance level may holdings at 66.78. The Relative Strength Index (RSI) on the 14-day chart is 36.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.50%. Stochastics %K at 37.65% indicates the stock is a holding.

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