Procept BioRobotics Corp’s recent filing unveils that its Director Desai Antal Rohit unloaded Company’s shares for reported $3.24 million on Nov 07 ’24. In the deal valued at $95.39 per share,34,000 shares were sold. As a result of this transaction, Desai Antal Rohit now holds 164,363 shares worth roughly $16.01 million.
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Then, Desai Antal Rohit sold 33,000 shares, generating $3,202,444 in total proceeds. Upon selling the shares at $97.04, the Director now owns 198,363 shares.
Before that, Desai Antal Rohit sold 33,000 shares. Procept BioRobotics Corp shares valued at $3,187,835 were divested by the Director at a price of $96.60 per share. As a result of the transaction, Desai Antal Rohit now holds 231,363 shares, worth roughly $22.53 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 fall -1.69% to $97.40. Over the last five days, the stock has gained 0.34%. Procept BioRobotics Corp shares have risen nearly 132.40% since the year began. Nevertheless, the stocks have risen 209.40% over the past one year. While a 52-week high of $99.35 was reached on 11/11/24, a 52-week low of $29.71 was recorded on 01/05/24. SMA at 50 days reached $79.80, while 200 days put it at $63.94.
Levels Of Support And Resistance For PRCT Stock
The 24-hour chart illustrates a support level at 94.03, which if violated will result in even more drops to 90.65. On the upside, there is a resistance level at 102.29. A further resistance level may holdings at 107.18. The Relative Strength Index (RSI) on the 14-day chart is 66.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.20%. Stochastics %K at 90.83% 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.
