Progress Software Corp.’s recently made public that its Officer JENNIFER L ORTIZ acquired Company’s shares for reported $0.12 million on Aug 20 ’24. In the deal valued at $56.53 per share,2,160 shares were bought.
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Then, LoCoco Domenic sold 300 shares, generating $17,433 in total proceeds. Upon selling the shares at $58.11, the Chief Accounting Officer now owns 3,847 shares.
Before that, Jarrett Loren sold 9,961 shares. Progress Software Corp. shares valued at $557,617 were divested by the EVP/GM Digital Experience at a price of $55.98 per share. As a result of the transaction, Jarrett Loren now holds 13,406 shares, worth roughly $0.77 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 Friday, Progress Software Corp. [NASDAQ:PRGS] saw its stock fall -0.14% to $57.59. Over the last five days, the stock has lost -0.69%. Progress Software Corp. shares have risen nearly 6.06% since the year began. Nevertheless, the stocks have risen 1.30% over the past one year. While a 52-week high of $60.33 was reached on 01/24/24, a 52-week low of $48.00 was recorded on 06/26/24. SMA at 50 days reached $57.02, while 200 days put it at $54.07.
Levels Of Support And Resistance For PRGS Stock
The 24-hour chart illustrates a support level at 57.19, which if violated will result in even more drops to 56.78. On the upside, there is a resistance level at 58.11. A further resistance level may holdings at 58.63. The Relative Strength Index (RSI) on the 14-day chart is 52.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.09%. Stochastics %K at 64.00% indicates the stock is a holding.
How much short interest is there in Progress Software Corp.?
A steep rise in short interest was recorded in Progress Software Corp. stocks on 2024-08-30, growing by 0.52 million shares to a total of 4.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.42 million shares. There was a rise of 10.6%, which implies that there is a positive sentiment for the stock.
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.
