Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PTC Inc shares valued at $712,817 were sold by CHAFFIN JANICE on Jun 12 ’24. At $178.20 per share, CHAFFIN JANICE sold 4,000 shares. The insider’s holdings dropped to 52,137 shares worth approximately $9.45 million following the completion of this transaction.
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Also, Kniker Catherine sold 1,254 shares, netting a total of over 217,507 in proceeds. Following the sale of shares at $173.45 each, the insider now holds 13,598 shares.
Before that, Ditullio Michael had sold 6,592 shares from its account. In a trade valued at $1,207,347, the President and COO traded PTC Inc shares for $183.15 each. Upon closing the transaction, the insider’s holdings decreased to 6,592 shares, worth approximately $9.63 million.
As published in a research note from Mizuho on June 04, 2024, PTC Inc [PTC] has been rated down from a Buy to a Neutral and the price target has been revised to $190 from $200. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of October 30, 2023, Oppenheimer has increased its “Perform” rating to a “an Outperform” for PTC. Earlier on June 14, 2023, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for PTC stock.
Analyzing PTC Stock Performance
During the last five days, there has been a surge of approximately 2.97%. Over the course of the year, PTC Inc shares have jumped approximately 3.60%. 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 $177.87, while a 200-day SMA reached $168.60. Nevertheless, trading volume fell to 0.88 million shares from 0.47 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 177.57, which, if violated, would cause prices to drop to 173.88. In the upper region, resistance lies at 183.12. The next price resistance is at 184.98. RSI (Relative Strength Index) is 60.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.79, which suggests the price will increase in the coming days. Percent R is at 0.32%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
