Procept BioRobotics Corp’s filing revealed that its EVP, Chief Comm. Officer Shiblaq Hisham unloaded Company’s shares for reported $1.78 million on Jun 10 ’24. In the deal valued at $68.24 per share,26,046 shares were sold. As a result of this transaction, Shiblaq Hisham now holds 55,860 shares worth roughly $3.53 million.
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Then, Nouri Alaleh sold 30,432 shares, generating $1,916,428 in total proceeds. Upon selling the shares at $62.97, the EVP, CLO, CORP. SEC. now owns 62,472 shares.
Before that, Krummel Thomas M sold 20,000 shares. Procept BioRobotics Corp shares valued at $1,200,000 were divested by the Director at a price of $60.00 per share. As a result of the transaction, Krummel Thomas M now holds 45,631 shares, worth roughly $2.88 million.
Piper Sandler initiated its Procept BioRobotics Corp [PRCT] rating to an Overweight in a research note published on August 11, 2023; the price target was $42. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. BTIG Research began covering PRCT with “Neutral” recommendation on October 31, 2022. Truist started covering the stock on October 25, 2022. It rated PRCT as “a Buy”.
Price Performance Review of PRCT
On Friday, Procept BioRobotics Corp [NASDAQ:PRCT] saw its stock fall -0.49% to $63.17. Over the last five days, the stock has lost -6.51%. Procept BioRobotics Corp shares have risen nearly 50.73% since the year began. Nevertheless, the stocks have risen 81.94% over the past one year. While a 52-week high of $77.00 was reached on 05/15/24, a 52-week low of $24.83 was recorded on 01/05/24. SMA at 50 days reached $60.41, while 200 days put it at $44.96. A total of 0.61 million shares were traded, compared to the trading of 0.6 million shares in the previous session.
Levels Of Support And Resistance For PRCT Stock
The 24-hour chart illustrates a support level at 62.36, which if violated will result in even more drops to 61.55. On the upside, there is a resistance level at 63.72. A further resistance level may holdings at 64.28. The Relative Strength Index (RSI) on the 14-day chart is 45.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.16%. Stochastics %K at 23.68% indicates the stock is a holding.
The most recent change occurred on September 02, 2022 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $49 price target.
