Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Procore Technologies Inc shares valued at $23,441,490 were sold by Griffith William J.G. on Nov 13 ’24. At $72.95 per share, Griffith William J.G. sold 321,318 shares. The insider’s holdings dropped to 1,647,603 shares worth approximately $115.76 million following the completion of this transaction.
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Also, Griffith William J.G. sold 21,999 shares, netting a total of over 1,562,728 in proceeds. Following the sale of shares at $71.04 each, the insider now holds 1,788,689 shares.
Before that, ICONIQ STRATEGIC PARTNERS II, had sold 180,232 shares from its account. In a trade valued at $13,148,778, the 10% Owner traded Procore Technologies Inc shares for $72.95 each. Upon closing the transaction, the insider’s holdings decreased to 180,232 shares, worth approximately $147.88 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 drop of approximately -4.30%. Over the course of the year, Procore Technologies Inc shares have jumped approximately 1.50%. 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 $63.46, while a 200-day SMA reached $67.43. Nevertheless, trading volume fell to 1.93 million shares from 1.43 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 68.60, which, if violated, would cause prices to drop to 66.95. In the upper region, resistance lies at 71.37. The next price resistance is at 72.49. RSI (Relative Strength Index) is 61.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 44.48%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
