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. ProKidney Corp shares valued at $41,030 were sold by Weber Darin J. on Sep 19 ’24. At $2.50 per share, Weber Darin J. sold 16,412 shares. The insider’s holdings dropped to 103,480 shares worth approximately $0.17 million following the completion of this transaction.
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Also, DARIN J WEBER purchased 16,412 shares, netting a total of over 39,225 in proceeds.
Before that, Weber Darin J. had sold 826 shares from its account. In a trade valued at $2,065, the Chief Regulatory Officer traded ProKidney Corp shares for $2.50 each. Upon closing the transaction, the insider’s holdings decreased to 826 shares, worth approximately $0.2 million.
As published in their initiating research note from JP Morgan on September 30, 2024, ProKidney Corp [PROK] has been a Neutral. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in early September. Earlier on January 02, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for PROK stock which previously was a “a Buy”.
Analyzing PROK Stock Performance
During the last five days, there has been a drop of approximately -20.15%. Over the course of the year, ProKidney Corp shares have dropped approximately -7.58%. Shares of the company reached a 52-week high of $4.4400 on 05/20/24 and a 52-week low of $1.1800 on 02/13/24. A 50-day SMA is recorded $2.2292, while a 200-day SMA reached $2.1313. Nevertheless, trading volume fell to 0.65 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for ProKidney Corp (PROK)
According to the 24-hour chart, there is a support level at 1.6033, which, if violated, would cause prices to drop to 1.5617. In the upper region, resistance lies at 1.6833. The next price resistance is at 1.7217. RSI (Relative Strength Index) is 29.19 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.3905, which suggests the price will decrease in the coming days. Percent R is at 95.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
