Procept BioRobotics Corp’s recently made public that its President, CEO Zadno Reza unloaded Company’s shares for reported $26.25 million on Oct 30 ’24. In the deal valued at $91.00 per share,288,461 shares were sold. As a result of this transaction, Zadno Reza now holds 258,445 shares worth roughly $25.09 million.
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Then, Waters Kevin sold 25,000 shares, generating $1,811,653 in total proceeds. Upon selling the shares at $72.47, the EVP, CFO now owns 96,096 shares.
Before that, Waters Kevin sold 25,000 shares. Procept BioRobotics Corp shares valued at $2,062,679 were divested by the EVP, CFO at a price of $82.51 per share. As a result of the transaction, Waters Kevin now holds 96,096 shares, worth roughly $9.33 million.
Piper Sandler initiated its Procept BioRobotics Corp [PRCT] rating to an Overweight in a research note published on August 11, 2023; the price target was $42. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. BTIG Research began covering PRCT with “Neutral” recommendation on October 31, 2022. Truist started covering the stock on October 25, 2022. It rated PRCT as “a Buy”.
Price Performance Review of PRCT
On Monday, Procept BioRobotics Corp [NASDAQ:PRCT] saw its stock jump 5.18% to $97.07. Over the last five days, the stock has gained 6.67%. Procept BioRobotics Corp shares have risen nearly 131.62% since the year began. Nevertheless, the stocks have risen 197.67% over the past one year. While a 52-week high of $99.34 was reached on 10/30/24, a 52-week low of $27.65 was recorded on 01/05/24. SMA at 50 days reached $78.01, while 200 days put it at $62.67.
Levels Of Support And Resistance For PRCT Stock
The 24-hour chart illustrates a support level at 93.20, which if violated will result in even more drops to 89.34. On the upside, there is a resistance level at 99.63. A further resistance level may holdings at 102.20. The Relative Strength Index (RSI) on the 14-day chart is 71.21, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.92%. Stochastics %K at 81.04% indicates the stock is a selling.
How much short interest is there in Procept BioRobotics Corp?
A steep rise in short interest was recorded in Procept BioRobotics Corp stocks on 2024-10-15, growing by 1.01 million shares to a total of 6.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.7 million shares. There was a rise of 15.08%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 02, 2022 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $49 price target.
