In a filing, Porch Group Inc revealed its CHIEF FINANCIAL OFFICER Tabak Shawn unloaded Company’s shares for reported $30305.0 on Jun 06 ’24. In the deal valued at $2.02 per share,15,000 shares were sold. As a result of this transaction, Tabak Shawn now holds 295,142 shares worth roughly $0.5 million.
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Then, Tabak Shawn sold 19,040 shares, generating $76,956 in total proceeds. Upon selling the shares at $4.04, the CHIEF FINANCIAL OFFICER now owns 292,311 shares.
Before that, Tabak Shawn sold 25,678 shares. Porch Group Inc shares valued at $102,743 were divested by the CHIEF FINANCIAL OFFICER at a price of $4.00 per share. As a result of the transaction, Tabak Shawn now holds 311,351 shares, worth roughly $0.53 million.
Loop Capital downgraded its Porch Group Inc [PRCH] rating to a Hold from a a Buy in a research note published on March 15, 2023; the price target was decreased to $2 from $4. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early November from “an Overweight” to “a Neutral”. Keefe Bruyette revised its rating on July 25, 2022. It rated PRCH as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of PRCH
On Tuesday, Porch Group Inc [NASDAQ:PRCH] saw its stock jump 12.58% to $1.70. Over the last five days, the stock has gained 22.30%. Porch Group Inc shares have fallen nearly -44.81% since the year began. Nevertheless, the stocks have risen 23.19% over the past one year. While a 52-week high of $4.78 was reached on 04/04/24, a 52-week low of $0.50 was recorded on 06/26/24. SMA at 50 days reached $2.3960, while 200 days put it at $2.2883. A total of 1.18 million shares were traded, compared to the trading of 1.58 million shares in the previous session.
Levels Of Support And Resistance For PRCH Stock
The 24-hour chart illustrates a support level at 1.5567, which if violated will result in even more drops to 1.4133. On the upside, there is a resistance level at 1.7767. A further resistance level may holdings at 1.8533. The Relative Strength Index (RSI) on the 14-day chart is 41.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0006, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.69%. Stochastics%K at 32.82% indicates the stock is a holding.
The most recent change occurred on May 25, 2022 when Compass Point began covering the stock and recommended ‘”a Buy”‘ rating along with a $11.50 price target.
