The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Procore Technologies Inc shares valued at $207,069 were sold by O CONNOR KEVIN J on Aug 09 ’24. At $53.84 per share, O CONNOR KEVIN J sold 3,846 shares. The insider’s holdings dropped to 1,436,621 shares worth approximately $81.18 million following the completion of this transaction.
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Also, O CONNOR KEVIN J sold 3,846 shares, netting a total of over 206,338 in proceeds. Following the sale of shares at $53.65 each, the insider now holds 1,444,313 shares.
Before that, O CONNOR KEVIN J had sold 3,846 shares from its account. In a trade valued at $201,877, the Director traded Procore Technologies Inc shares for $52.49 each. Upon closing the transaction, the insider’s holdings decreased to 3,846 shares, worth approximately $81.4 million.
As published in a research note from DA Davidson on August 02, 2024, Procore Technologies Inc [PCOR] has been rated down from a Buy to a Neutral and the price target has been revised to $60 from $90. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early August. As of June 05, 2024, Macquarie has initiated its “Neutral” rating for PCOR. Earlier on June 04, 2024, Mizuho downgraded its rating. Their new recommendation was “a Neutral” for PCOR stock which previously was a “a Buy”.
Analyzing PCOR Stock Performance
During the last five days, there has been a surge of approximately 4.11%. Over the course of the year, Procore Technologies Inc shares have dropped approximately -18.36%. Shares of the company reached a 52-week high of $83.35 on 03/27/24 and a 52-week low of $49.46 on 08/02/24. A 50-day SMA is recorded $64.38, while a 200-day SMA reached $67.92. Nevertheless, trading volume fell to 1.17 million shares from 2.5 million shares the previous day.
Support And Resistance Levels for Procore Technologies Inc (PCOR)
According to the 24-hour chart, there is a support level at 56.08, which, if violated, would cause prices to drop to 55.64. In the upper region, resistance lies at 57.27. The next price resistance is at 58.02. RSI (Relative Strength Index) is 39.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.77, which suggests the price will decrease in the coming days. Percent R is at 69.21%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
