PTC Inc’s filing revealed that its Officer Ditullio Michael acquired Company’s shares for reported $5.25 million on Nov 12 ’24. In the deal valued at $192.83 per share,27,217 shares were bought.
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Then, CHAFFIN JANICE sold 4,000 shares, generating $674,993 in total proceeds. Upon selling the shares at $168.75, the Director now owns 40,137 shares.
Before that, CHAFFIN JANICE bought 4,000 shares. PTC Inc shares valued at $674,993 were divested by the Director at a price of $168.75 per share.
Berenberg downgraded its PTC Inc [PTC] rating to a Hold from a a Buy in a research note published on November 01, 2024; the price target was decreased to $196 from $210. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in early June from “a Buy” to “a Neutral”. JP Morgan also remained covering PTC and has increased its forecast on January 04, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Oppenheimer revised its rating on October 30, 2023. It rated PTC as “an Outperform” which previously was an “a Perform”.
Price Performance Review of PTC
On Monday, PTC Inc [NASDAQ:PTC] saw its stock fall -0.39% to $189.26. Over the last five days, the stock has lost -2.49%. PTC Inc shares have risen nearly 8.17% since the year began. Nevertheless, the stocks have risen 23.84% over the past one year. While a 52-week high of $199.48 was reached on 11/06/24, a 52-week low of $151.73 was recorded on 05/02/24. SMA at 50 days reached $182.57, while 200 days put it at $179.97.
Levels Of Support And Resistance For PTC Stock
The 24-hour chart illustrates a support level at 187.67, which if violated will result in even more drops to 186.08. On the upside, there is a resistance level at 190.68. A further resistance level may holdings at 192.10. The Relative Strength Index (RSI) on the 14-day chart is 52.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.70%. Stochastics %K at 45.36% indicates the stock is a holding.
How much short interest is there in PTC Inc?
A steep rise in short interest was recorded in PTC Inc stocks on 2024-10-31, dropping by -0.48 million shares to a total of 2.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.03 million shares. There was a decline of -18.8%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 14, 2023 when Piper Sandler began covering the stock and recommended ‘”a Neutral”‘ rating along with a $150 price target.
