Progress Software Corp.’s recent filing unveils that its Chief Executive Officer Gupta Yogesh K unloaded Company’s shares for reported $0.54 million on Oct 01 ’24. In the deal valued at $67.00 per share,8,028 shares were sold. As a result of this transaction, Gupta Yogesh K now holds 148,245 shares worth roughly $-9.82 million.
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Then, WANG YUFAN STEPHANIE sold 1,428 shares, generating $93,177 in total proceeds. Upon selling the shares at $65.25, the Chief Legal Officer now owns 0 shares.
Before that, JEREMY SEGAL bought 3,581 shares. Progress Software Corp. shares valued at $233,286 were divested by the Officer at a price of $65.15 per share.
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 Monday, Progress Software Corp. [NASDAQ:PRGS] saw its stock jump 1.38% to $66.25. Over the last five days, the stock has gained 0.62%. Progress Software Corp. shares have risen nearly 22.01% since the year began. Nevertheless, the stocks have risen 25.40% over the past one year. While a 52-week high of $67.48 was reached on 10/01/24, a 52-week low of $48.00 was recorded on 06/26/24. SMA at 50 days reached $59.55, while 200 days put it at $54.88.
Levels Of Support And Resistance For PRGS Stock
The 24-hour chart illustrates a support level at 65.49, which if violated will result in even more drops to 64.73. On the upside, there is a resistance level at 66.65. A further resistance level may holdings at 67.06. The Relative Strength Index (RSI) on the 14-day chart is 65.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.18%. Stochastics %K at 81.60% indicates the stock is a selling.
How much short interest is there in Progress Software Corp.?
A steep rise in short interest was recorded in Progress Software Corp. stocks on 2024-09-30, dropping by -0.14 million shares to a total of 4.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.94 million shares. There was a decline of -2.88%, which implies that there is a negative 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.
