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. Proto Labs Inc shares valued at $99,800 were purchased by Bodor Robert on Sep 06 ’24. At $28.68 per share, Bodor Robert acquired 3,480 shares. The insider’s holdings grew to 80,878 shares worth approximately $3.12 million following the completion of this transaction.
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As published in their initiating research note from Cantor Fitzgerald on June 05, 2024, Proto Labs Inc [PRLB] has been an Overweight and the price target has been revised to $44. Analysts at Craig Hallum upgraded the stock from ‘”a Sell”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of February 13, 2023, The Benchmark Company has increased its “Hold” rating to a “Buy” for PRLB. Earlier on November 29, 2022, Lake Street initiated its rating. Their recommendation was “a Buy” for PRLB stock.
Analyzing PRLB Stock Performance
During the last five days, there has been a surge of approximately 40.91%. Over the course of the year, Proto Labs Inc shares have dropped approximately -0.90%. Shares of the company reached a 52-week high of $41.87 on 02/09/24 and a 52-week low of $25.75 on 08/05/24. A 50-day SMA is recorded $29.49, while a 200-day SMA reached $31.99. Nevertheless, trading volume fell to 0.42 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Proto Labs Inc (PRLB)
According to the 24-hour chart, there is a support level at 37.95, which, if violated, would cause prices to drop to 37.28. In the upper region, resistance lies at 39.38. The next price resistance is at 40.14. RSI (Relative Strength Index) is 69.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.87, which suggests the price will increase in the coming days. Percent R is at 7.57%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
