Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $7.63 million following the completion of this transaction.
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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 Berenberg on November 01, 2024, PTC Inc [PTC] has been rated down from a Buy to a Hold and the price target has been revised to $196 from $210. Analysts at Mizuho downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of January 04, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for PTC. Earlier on October 30, 2023, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for PTC stock which previously was a “a Perform”.
Analyzing PTC Stock Performance
During the last five days, there has been a surge of approximately 2.55%. Over the course of the year, PTC Inc shares have jumped approximately 8.62%. Shares of the company reached a 52-week high of $199.48 on 11/06/24 and a 52-week low of $163.30 on 05/02/24. A 50-day SMA is recorded $179.72, while a 200-day SMA reached $179.59. Nevertheless, trading volume fell to 1.66 million shares from 1.73 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 187.33, which, if violated, would cause prices to drop to 184.61. In the upper region, resistance lies at 194.88. The next price resistance is at 199.71. RSI (Relative Strength Index) is 57.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.69, which suggests the price will increase in the coming days. Percent R is at 47.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
