Procore Technologies Inc’s recent filing unveils that its Director O CONNOR KEVIN J unloaded Company’s shares for reported $0.52 million on Sep 17 ’24. In the deal valued at $58.06 per share,8,974 shares were sold. As a result of this transaction, O CONNOR KEVIN J now holds 1,371,104 shares worth roughly $-86.2 million.
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Then, O CONNOR KEVIN J sold 5,128 shares, generating $299,885 in total proceeds. Upon selling the shares at $58.48, the Director now owns 1,360,848 shares.
Before that, O CONNOR KEVIN J sold 5,128 shares. Procore Technologies Inc shares valued at $291,988 were divested by the Director at a price of $56.94 per share. As a result of the transaction, O CONNOR KEVIN J now holds 1,365,976 shares, worth roughly $85.88 million.
Robert W. Baird initiated its Procore Technologies Inc [PCOR] rating to an Outperform in a research note published on September 24, 2024; the price target was $73. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. Barclays also remained covering PCOR and has decreased its forecast on August 02, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Macquarie started covering the stock on June 05, 2024. It rated PCOR as “a Neutral”.
Price Performance Review of PCOR
On Monday, Procore Technologies Inc [NYSE:PCOR] saw its stock fall -0.14% to $62.87. Over the last five days, the stock has gained 6.92%. Procore Technologies Inc shares have fallen nearly -9.17% since the year began. Nevertheless, the stocks have fallen -7.12% over the past one year. While a 52-week high of $83.35 was reached on 03/27/24, a 52-week low of $48.11 was recorded on 08/02/24. SMA at 50 days reached $58.08, while 200 days put it at $67.85.
Levels Of Support And Resistance For PCOR Stock
The 24-hour chart illustrates a support level at 62.31, which if violated will result in even more drops to 61.76. On the upside, there is a resistance level at 63.21. A further resistance level may holdings at 63.56. The Relative Strength Index (RSI) on the 14-day chart is 61.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.82%. Stochastics %K at 70.53% indicates the stock is a holding.
How much short interest is there in Procore Technologies Inc?
A steep rise in short interest was recorded in Procore Technologies Inc stocks on 2024-09-30, dropping by -0.2 million shares to a total of 10.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.88 million shares. There was a decline of -1.91%, which implies that there is a negative sentiment for the stock.
