In a filing, PTC Inc revealed its Director CHAFFIN JANICE unloaded Company’s shares for reported $0.67 million on Sep 12 ’24. In the deal valued at $168.75 per share,4,000 shares were sold. As a result of this transaction, CHAFFIN JANICE now holds 40,137 shares worth roughly $7.42 million.
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Then, CHAFFIN JANICE bought 4,000 shares, generating $674,993 in total proceeds.
Before that, CHRISTENSON ALICE bought 590 shares. PTC Inc shares valued at $103,887 were divested by the Officer at a price of $176.08 per share.
Mizuho downgraded its PTC Inc [PTC] rating to a Neutral from a a Buy in a research note published on June 04, 2024; the price target was decreased to $190 from $200. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Overweight”. Oppenheimer also remained covering PTC and has increased its forecast on October 30, 2023 with a “an Outperform” recommendation from previously “Perform” rating. Piper Sandler started covering the stock on June 14, 2023. It rated PTC as “a Neutral”.
Price Performance Review of PTC
On Monday, PTC Inc [NASDAQ:PTC] saw its stock jump 0.22% to $184.81. Over the last five days, the stock has lost -0.37%. PTC Inc shares have risen nearly 5.63% since the year began. Nevertheless, the stocks have risen 30.77% over the past one year. While a 52-week high of $194.24 was reached on 03/21/24, a 52-week low of $134.61 was recorded on 05/02/24. SMA at 50 days reached $176.45, while 200 days put it at $178.64.
Levels Of Support And Resistance For PTC Stock
The 24-hour chart illustrates a support level at 183.43, which if violated will result in even more drops to 182.04. On the upside, there is a resistance level at 185.54. A further resistance level may holdings at 186.26. The Relative Strength Index (RSI) on the 14-day chart is 60.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.51%. Stochastics %K at 75.49% indicates the stock is a holding.
How much short interest is there in PTC Inc?
A steep rise in short interest was recorded in PTC Inc stocks on 2024-09-30, growing by 0.15 million shares to a total of 3.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.88 million shares. There was a rise of 4.91%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 24, 2023 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $166 price target.
