Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Procore Technologies Inc shares valued at $521,030 were sold by O CONNOR KEVIN J on Sep 17 ’24. At $58.06 per share, O CONNOR KEVIN J sold 8,974 shares. The insider’s holdings dropped to 1,371,104 shares worth approximately $83.39 million following the completion of this transaction.
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Also, O CONNOR KEVIN J sold 5,128 shares, netting a total of over 299,885 in proceeds. Following the sale of shares at $58.48 each, the insider now holds 1,360,848 shares.
Before that, O CONNOR KEVIN J had sold 5,128 shares from its account. In a trade valued at $291,988, the Director traded Procore Technologies Inc shares for $56.94 each. Upon closing the transaction, the insider’s holdings decreased to 5,128 shares, worth approximately $83.08 million.
As published in their initiating research note from Robert W. Baird on September 24, 2024, Procore Technologies Inc [PCOR] has been an Outperform and the price target has been revised to $73. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of August 02, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for PCOR. Earlier on June 05, 2024, Macquarie initiated its rating. Their recommendation was “a Neutral” for PCOR stock.
Analyzing PCOR Stock Performance
During the last five days, there has been a surge of approximately 3.01%. Over the course of the year, Procore Technologies Inc shares have dropped approximately -12.14%. 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 $58.04, while a 200-day SMA reached $67.92. Nevertheless, trading volume fell to 2.29 million shares from 1.56 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 59.63, which, if violated, would cause prices to drop to 58.43. In the upper region, resistance lies at 61.47. The next price resistance is at 62.12. RSI (Relative Strength Index) is 55.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 38.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
