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. PTC Inc shares valued at $329,027 were purchased by CHRISTENSON ALICE on Nov 21 ’24. At $193.20 per share, CHRISTENSON ALICE acquired 1,703 shares.
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Also, Ditullio Michael purchased 27,217 shares, netting a total of over 5,248,254 in proceeds.
Before that, CHAFFIN JANICE had sold 4,000 shares from its account. In a trade valued at $674,993, the Director traded PTC Inc shares for $168.75 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $7.74 million.
As published in a research note from Berenberg on November 01, 2024, PTC Inc [PTC] has been rated down from a Buy to a Hold and the price target has been revised to $196 from $210. Analysts at Mizuho downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of January 04, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for PTC. Earlier on October 30, 2023, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for PTC stock which previously was a “a Perform”.
Analyzing PTC Stock Performance
During the last five days, there has been a surge of approximately 0.86%. Over the course of the year, PTC Inc shares have jumped approximately 10.17%. Shares of the company reached a 52-week high of $199.48 on 11/06/24 and a 52-week low of $163.30 on 05/02/24. A 50-day SMA is recorded $183.85, while a 200-day SMA reached $180.15. Nevertheless, trading volume fell to 0.68 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for PTC Inc (PTC)
According to the 24-hour chart, there is a support level at 189.96, which, if violated, would cause prices to drop to 187.16. In the upper region, resistance lies at 194.69. The next price resistance is at 196.63. RSI (Relative Strength Index) is 58.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.15, which suggests the price will decrease in the coming days. Percent R is at 42.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
