The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. PTC Inc shares valued at $674,993 were sold by CHAFFIN JANICE on Sep 12 ’24. At $168.75 per share, CHAFFIN JANICE sold 4,000 shares. The insider’s holdings dropped to 40,137 shares worth approximately $7.37 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, CHAFFIN JANICE purchased 4,000 shares, netting a total of over 674,993 in proceeds.
Before that, CHRISTENSON ALICE had added 590 shares to its account. In a trade valued at $103,887, the Officer bought PTC Inc shares for $176.08 each.
As published in a research note from Mizuho on June 04, 2024, PTC Inc [PTC] has been rated down from a Buy to a Neutral and the price target has been revised to $190 from $200. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of October 30, 2023, Oppenheimer has increased its “Perform” rating to a “an Outperform” for PTC. Earlier on June 14, 2023, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for PTC stock.
Analyzing PTC Stock Performance
During the last five days, there has been a drop of approximately -0.86%. Over the course of the year, PTC Inc shares have jumped approximately 4.96%. Shares of the company reached a 52-week high of $194.24 on 03/21/24 and a 52-week low of $163.30 on 05/02/24. A 50-day SMA is recorded $177.16, while a 200-day SMA reached $178.87. Nevertheless, trading volume fell to 0.53 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for PTC Inc (PTC)
According to the 24-hour chart, there is a support level at 182.48, which, if violated, would cause prices to drop to 181.33. In the upper region, resistance lies at 184.79. The next price resistance is at 185.95. RSI (Relative Strength Index) is 57.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.75, which suggests the price will decrease in the coming days. Percent R is at 38.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
