PTC Inc’s recent filing unveils that its Chief Strategy Officer Kniker Catherine unloaded Company’s shares for reported $0.22 million on Jun 03 ’24. In the deal valued at $173.45 per share,1,254 shares were sold. As a result of this transaction, Kniker Catherine now holds 13,598 shares worth roughly $2.39 million.
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Then, Ditullio Michael sold 6,592 shares, generating $1,207,347 in total proceeds. Upon selling the shares at $183.15, the President and COO now owns 53,148 shares.
Before that, Lathan Corinna sold 1,901 shares. PTC Inc shares valued at $341,016 were divested by the Director at a price of $179.39 per share. As a result of the transaction, Lathan Corinna now holds 7,703 shares, worth roughly $1.35 million.
Mizuho downgraded its PTC Inc [PTC] rating to a Neutral from a a Buy in a research note published on June 04, 2024; the price target was decreased to $190 from $200. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Overweight”. Oppenheimer also remained covering PTC and has increased its forecast on October 30, 2023 with a “an Outperform” recommendation from previously “Perform” rating. Piper Sandler started covering the stock on June 14, 2023. It rated PTC as “a Neutral”.
Price Performance Review of PTC
On Monday, PTC Inc [NASDAQ:PTC] saw its stock jump 0.61% to $175.54. Over the last five days, the stock has gained 0.82%. PTC Inc shares have risen nearly 0.33% since the year began. Nevertheless, the stocks have risen 27.73% over the past one year. While a 52-week high of $194.24 was reached on 03/21/24, a 52-week low of $134.61 was recorded on 05/02/24. SMA at 50 days reached $179.68, while 200 days put it at $166.75. A total of 0.58 million shares were traded, compared to the trading of 0.41 million shares in the previous session.
Levels Of Support And Resistance For PTC Stock
The 24-hour chart illustrates a support level at 173.63, which if violated will result in even more drops to 171.73. On the upside, there is a resistance level at 176.81. A further resistance level may holdings at 178.09. The Relative Strength Index (RSI) on the 14-day chart is 44.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.24%. Stochastics %K at 38.39% indicates the stock is a holding.
The most recent change occurred on May 24, 2023 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $166 price target.
