Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Procept BioRobotics Corp shares valued at $1,811,653 were sold by Waters Kevin on Oct 15 ’24. At $72.47 per share, Waters Kevin sold 25,000 shares. The insider’s holdings dropped to 96,096 shares worth approximately $6.42 million following the completion of this transaction.
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Also, Waters Kevin sold 25,000 shares, netting a total of over 2,062,679 in proceeds. Following the sale of shares at $82.51 each, the insider now holds 96,096 shares.
Before that, Kevin Waters had added 50,000 shares to its account. In a trade valued at $4,055,500, the Affiliate bought Procept BioRobotics Corp shares for $81.11 each.
As published in their initiating research note from Piper Sandler on August 11, 2023, Procept BioRobotics Corp [PRCT] has been an Overweight and the price target has been revised to $42. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in late May. As of October 31, 2022, BTIG Research has initiated its “Neutral” rating for PRCT. Earlier on October 25, 2022, Truist initiated its rating. Their recommendation was “a Buy” for PRCT stock.
Analyzing PRCT Stock Performance
During the last five days, there has been a drop of approximately -3.26%. Over the course of the year, Procept BioRobotics Corp shares have jumped approximately 59.46%. Shares of the company reached a 52-week high of $85.81 on 08/21/24 and a 52-week low of $39.48 on 01/05/24. A 50-day SMA is recorded $75.46, while a 200-day SMA reached $61.15. Nevertheless, trading volume fell to 0.82 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for Procept BioRobotics Corp (PRCT)
According to the 24-hour chart, there is a support level at 65.63, which, if violated, would cause prices to drop to 64.43. In the upper region, resistance lies at 69.18. The next price resistance is at 71.53. RSI (Relative Strength Index) is 32.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.14, which suggests the price will decrease in the coming days. Percent R is at 96.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
