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. Procore Technologies Inc shares valued at $107,626 were purchased by Fu Howard on Nov 07 ’24. At $71.75 per share, Fu Howard acquired 1,500 shares.
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Also, Fleming William Fred Jr purchased 15,000 shares, netting a total of over 1,061,269 in proceeds.
Before that, ICONIQ STRATEGIC PARTNERS II, had sold 28,516 shares from its account. In a trade valued at $1,897,512, the 10% Owner traded Procore Technologies Inc shares for $66.54 each. Upon closing the transaction, the insider’s holdings decreased to 28,516 shares, worth approximately $127.97 million.
As published in their initiating research note from Robert W. Baird on September 24, 2024, Procore Technologies Inc [PCOR] has been an Outperform and the price target has been revised to $73. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of August 02, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for PCOR. Earlier on June 05, 2024, Macquarie initiated its rating. Their recommendation was “a Neutral” for PCOR stock.
Analyzing PCOR Stock Performance
During the last five days, there has been a surge of approximately 8.39%. Over the course of the year, Procore Technologies Inc shares have jumped approximately 2.80%. Shares of the company reached a 52-week high of $83.35 on 03/27/24 and a 52-week low of $49.46 on 08/02/24. A 50-day SMA is recorded $60.81, while a 200-day SMA reached $67.49. Nevertheless, trading volume fell to 2.07 million shares from 3.08 million shares the previous day.
Support And Resistance Levels for Procore Technologies Inc (PCOR)
According to the 24-hour chart, there is a support level at 70.54, which, if violated, would cause prices to drop to 69.91. In the upper region, resistance lies at 72.15. The next price resistance is at 73.14. RSI (Relative Strength Index) is 75.29 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.90, which suggests the price will increase in the coming days. Percent R is at 11.51%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
