Pegasystems Inc’s recent filing unveils that its Officer EFSTATHIOS A KOUNINIS acquired Company’s shares for reported $66906.0 on Nov 25 ’24. In the deal valued at $94.50 per share,708 shares were bought.
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Then, KOUNINIS EFSTATHIOS A sold 375 shares, generating $33,000 in total proceeds. Upon selling the shares at $88.00, the VP of Finance & CAO now owns 0 shares.
Before that, WEBER LARRY sold 1,900 shares. Pegasystems Inc shares valued at $166,877 were divested by the Director at a price of $87.83 per share. As a result of the transaction, WEBER LARRY now holds 8,859 shares, worth roughly $0.85 million.
Loop Capital upgraded its Pegasystems Inc [PEGA] rating to a Buy from a a Hold in a research note published on August 01, 2024; the price target was increased to $84 from $68. A number of analysts have revised their coverage, including JMP Securities’s analysts, who increased its forecast for the stock in late July from “a Mkt perform” to “a Mkt outperform”. William Blair also remained covering PEGA and has increased its forecast on July 30, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Barclays revised its rating on January 12, 2024. It rated PEGA as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of PEGA
On Tuesday, Pegasystems Inc [NASDAQ:PEGA] saw its stock jump 1.17% to $96.45. Over the last five days, the stock has gained 12.33%. Pegasystems Inc shares have risen nearly 97.40% since the year began. Nevertheless, the stocks have risen 86.23% over the past one year. While a 52-week high of $95.91 was reached on 11/26/24, a 52-week low of $44.07 was recorded on 01/04/24. SMA at 50 days reached $78.46, while 200 days put it at $66.57.
Levels Of Support And Resistance For PEGA Stock
The 24-hour chart illustrates a support level at 95.15, which if violated will result in even more drops to 93.86. On the upside, there is a resistance level at 97.21. A further resistance level may holdings at 97.98. The Relative Strength Index (RSI) on the 14-day chart is 78.27, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.88%. Stochastics %K at 97.21% indicates the stock is a selling.
How much short interest is there in Pegasystems Inc?
A steep rise in short interest was recorded in Pegasystems Inc stocks on 2024-11-15, dropping by -0.54 million shares to a total of 0.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.26 million shares. There was a decline of -74.59%, which implies that there is a negative sentiment for the stock.
