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. Progress Software Corp. shares valued at $233,286 were purchased by JEREMY SEGAL on Oct 02 ’24. At $65.15 per share, JEREMY SEGAL acquired 3,581 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, YUFAN S WANG purchased 1,428 shares, netting a total of over 93,177 in proceeds.
Before that, YOGESH GUPTA had added 8,028 shares to its account. In a trade valued at $537,916, the Officer bought Progress Software Corp. shares for $67.00 each.
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 2.35%. Over the course of the year, Progress Software Corp. shares have jumped approximately 20.48%. Shares of the company reached a 52-week high of $67.48 on 10/01/24 and a 52-week low of $48.00 on 06/26/24. A 50-day SMA is recorded $58.24, while a 200-day SMA reached $54.45. Nevertheless, trading volume fell to 0.61 million shares from 0.85 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 64.59, which, if violated, would cause prices to drop to 63.77. In the upper region, resistance lies at 66.20. The next price resistance is at 66.99. RSI (Relative Strength Index) is 70.93 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.07, which suggests the price will increase in the coming days. Percent R is at 18.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
