Progress Software Corp.’s recently made public that its EVP/GM Digital Experience Jarrett Loren unloaded Company’s shares for reported $0.56 million on Jul 16 ’24. In the deal valued at $55.98 per share,9,961 shares were sold. As a result of this transaction, Jarrett Loren now holds 13,406 shares worth roughly $0.79 million.
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Then, Pitt Ian sold 584 shares, generating $32,120 in total proceeds. Upon selling the shares at $55.00, the Chief Information Officer now owns 3,167 shares.
Before that, Kulikoski Kathryn sold 2,918 shares. Progress Software Corp. shares valued at $157,835 were divested by the Chief People Officer at a price of $54.09 per share. As a result of the transaction, Kulikoski Kathryn now holds 4,142 shares, worth roughly $0.24 million.
DA Davidson initiated its Progress Software Corp. [PRGS] rating to a Buy in a research note published on March 28, 2024; the price target was $65. Jefferies began covering PRGS with “Hold” recommendation on September 09, 2022. Guggenheim started covering the stock on August 12, 2022. It rated PRGS as “a Buy”.
Price Performance Review of PRGS
On Tuesday, Progress Software Corp. [NASDAQ:PRGS] saw its stock jump 0.94% to $59.00. Over the last five days, the stock has gained 5.36%. Progress Software Corp. shares have risen nearly 8.66% since the year began. Nevertheless, the stocks have risen 0.96% over the past one year. While a 52-week high of $62.34 was reached on 01/24/24, a 52-week low of $48.00 was recorded on 06/26/24. SMA at 50 days reached $52.70, while 200 days put it at $53.19. A total of 0.46 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For PRGS Stock
The 24-hour chart illustrates a support level at 58.44, which if violated will result in even more drops to 57.89. On the upside, there is a resistance level at 59.35. A further resistance level may holdings at 59.71. The Relative Strength Index (RSI) on the 14-day chart is 72.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.75%. Stochastics%K at 96.74% indicates the stock is a selling.
The most recent change occurred on October 22, 2021 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $60 price target.
