Procept BioRobotics Corp’s recently made public that its President, CEO Zadno Reza unloaded Company’s shares for reported $2.49 million on Nov 13 ’24. In the deal valued at $94.08 per share,26,420 shares were sold. As a result of this transaction, Zadno Reza now holds 232,025 shares worth roughly $20.64 million.
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Then, REZA ZADNO bought 26,420 shares, generating $2,524,431 in total proceeds.
Before that, Desai Antal Rohit sold 34,000 shares. Procept BioRobotics Corp shares valued at $3,243,158 were divested by the Director at a price of $95.39 per share. As a result of the transaction, Desai Antal Rohit now holds 164,363 shares, worth roughly $14.62 million.
Jefferies initiated its Procept BioRobotics Corp [PRCT] rating to a Hold in a research note published on November 14, 2024; the price target was $95. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid August with a ‘”an Overweight”‘ rating. William Blair began covering PRCT with “an Outperform” recommendation on May 31, 2023. BTIG Research started covering the stock on October 31, 2022. It rated PRCT as “a Neutral”.
Price Performance Review of PRCT
On Friday, Procept BioRobotics Corp [NASDAQ:PRCT] saw its stock jump 3.53% to $88.94. Over the last five days, the stock has lost -10.23%. Procept BioRobotics Corp shares have risen nearly 112.22% since the year began. Nevertheless, the stocks have risen 170.17% over the past one year. While a 52-week high of $103.81 was reached on 11/11/24, a 52-week low of $31.57 was recorded on 01/05/24. SMA at 50 days reached $80.97, while 200 days put it at $64.81.
Levels Of Support And Resistance For PRCT Stock
The 24-hour chart illustrates a support level at 86.74, which if violated will result in even more drops to 84.55. On the upside, there is a resistance level at 90.63. A further resistance level may holdings at 92.33. The Relative Strength Index (RSI) on the 14-day chart is 52.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.34%. Stochastics %K at 31.89% indicates the stock is a holding.
How much short interest is there in Procept BioRobotics Corp?
A steep rise in short interest was recorded in Procept BioRobotics Corp stocks on 2024-10-31, growing by 0.38 million shares to a total of 5.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.52 million shares. There was a rise of 6.45%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 25, 2022 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $58 price target.
