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Insider Sale Alert: ProKidney Corp [PROK] – Is it Time to sell?

ProKidney Corp’s recent filing unveils that its Chief Regulatory Officer Weber Darin J. unloaded Company’s shares for reported $48616.0 on Jun 18 ’24. In the deal valued at $2.82 per share,17,238 shares were sold. As a result of this transaction, Weber Darin J. now holds 120,718 shares worth roughly $0.3 million.

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Then, Legorreta Pablo G. bought 22,617,909 shares, generating $54,735,340 in total proceeds. Upon buying the shares at $2.42, the Director now owns 22,617,909 shares.

Before that, Control Empresarial de Capital bought 8,264,462 shares. ProKidney Corp shares valued at $19,999,998 were divested by the Add’l Rep. Persons-see Ex.99-1 at a price of $2.42 per share. As a result of the transaction, Control Empresarial de Capital now holds 71,560,107 shares, worth roughly $178.9 million.

A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. BTIG Research began covering PROK with “Buy” recommendation on July 25, 2023. Jefferies started covering the stock on December 21, 2022. It rated PROK as “a Buy”.

Price Performance Review of PROK

On Tuesday, ProKidney Corp [NASDAQ:PROK] saw its stock jump 13.12% to $2.50. ProKidney Corp shares have risen nearly 40.45% since the year began. Nevertheless, the stocks have fallen -77.82% over the past one year. While a 52-week high of $13.51 was reached on 05/20/24, a 52-week low of $1.12 was recorded on 02/13/24. SMA at 50 days reached $2.90, while 200 days put it at $2.20. A total of 0.41 million shares were traded, compared to the trading of 0.3 million shares in the previous session.

Levels Of Support And Resistance For PROK Stock

The 24-hour chart illustrates a support level at 2.28, which if violated will result in even more drops to 2.06. On the upside, there is a resistance level at 2.61. A further resistance level may holdings at 2.72. The Relative Strength Index (RSI) on the 14-day chart is 47.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.82%. Stochastics%K at 22.48% indicates the stock is a holding.

The most recent change occurred on November 10, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $13 price target.

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