Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pros Holdings Inc shares valued at $133,875 were purchased by Reiner Andres on Sep 16 ’24. At $17.85 per share, Reiner Andres acquired 7,500 shares. The insider’s holdings grew to 1,015,752 shares worth approximately $23.64 million following the completion of this transaction.
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Also, Reiner Andres purchased 7,500 shares, netting a total of over 129,000 in proceeds. Following the buying of shares at $17.20 each, the insider now holds 1,008,252 shares.
Before that, Jourdan Leland had sold 2,162 shares from its account. In a trade valued at $67,087, the Director traded Pros Holdings Inc shares for $31.03 each. Upon closing the transaction, the insider’s holdings decreased to 2,162 shares, worth approximately $0.31 million.
As published in a research note from Craig Hallum on October 30, 2024, Pros Holdings Inc [PRO] has been rated up from a Hold to a Buy and the price target has been revised to $31. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early July. As of January 12, 2024, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for PRO. Earlier on April 20, 2023, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for PRO stock.
Analyzing PRO Stock Performance
During the last five days, there has been a surge of approximately 3.33%. Over the course of the year, Pros Holdings Inc shares have dropped approximately -40.01%. Shares of the company reached a 52-week high of $38.71 on 04/05/24 and a 52-week low of $16.64 on 09/11/24. A 50-day SMA is recorded $20.20, while a 200-day SMA reached $26.55. Nevertheless, trading volume fell to 0.36 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Pros Holdings Inc (PRO)
According to the 24-hour chart, there is a support level at 22.92, which, if violated, would cause prices to drop to 22.57. In the upper region, resistance lies at 23.56. The next price resistance is at 23.85. RSI (Relative Strength Index) is 59.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.45, which suggests the price will decrease in the coming days. Percent R is at 44.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
