Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Progress Software Corp. shares valued at $122,105 were purchased by JENNIFER L ORTIZ on Aug 20 ’24. At $56.53 per share, JENNIFER L ORTIZ acquired 2,160 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, LoCoco Domenic sold 300 shares, netting a total of over 17,433 in proceeds. Following the sale of shares at $58.11 each, the insider now holds 3,847 shares.
Before that, Jarrett Loren had sold 9,961 shares from its account. In a trade valued at $557,617, the EVP/GM Digital Experience traded Progress Software Corp. shares for $55.98 each. Upon closing the transaction, the insider’s holdings decreased to 9,961 shares, worth approximately $0.78 million.
As published in their initiating research note from DA Davidson on March 28, 2024, Progress Software Corp. [PRGS] has been a Buy and the price target has been revised to $65. As of September 09, 2022, Jefferies has initiated its “Hold” rating for PRGS. Earlier on August 12, 2022, Guggenheim initiated its rating. Their recommendation was “a Buy” for PRGS stock.
Analyzing PRGS Stock Performance
During the last five days, there has been a surge of approximately 0.57%. Over the course of the year, Progress Software Corp. shares have jumped approximately 7.15%. Shares of the company reached a 52-week high of $60.33 on 01/24/24 and a 52-week low of $48.00 on 06/26/24. A 50-day SMA is recorded $56.14, while a 200-day SMA reached $53.84. Nevertheless, trading volume fell to 0.27 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for Progress Software Corp. (PRGS)
According to the 24-hour chart, there is a support level at 57.75, which, if violated, would cause prices to drop to 57.33. In the upper region, resistance lies at 58.50. The next price resistance is at 58.83. RSI (Relative Strength Index) is 61.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.69, which suggests the price will decrease in the coming days. Percent R is at 27.69%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
