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. Procept BioRobotics Corp shares valued at $2,622,713 were purchased by REZA ZADNO on Nov 27 ’24. At $99.27 per share, REZA ZADNO acquired 26,420 shares.
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Also, Zadno Reza sold 26,420 shares, netting a total of over 2,445,724 in proceeds. Following the sale of shares at $92.57 each, the insider now holds 205,605 shares.
Before that, REZA ZADNO had added 26,420 shares to its account. In a trade valued at $2,472,119, the Director bought Procept BioRobotics Corp shares for $93.57 each.
As published in their initiating research note from Jefferies on November 14, 2024, Procept BioRobotics Corp [PRCT] has been a Hold and the price target has been revised to $95. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid August. As of May 31, 2023, William Blair has initiated its “an Outperform” rating for PRCT. Earlier on October 31, 2022, BTIG Research initiated its rating. Their recommendation was “a Neutral” for PRCT stock.
Analyzing PRCT Stock Performance
During the last five days, there has been a surge of approximately 4.95%. Over the course of the year, Procept BioRobotics Corp shares have jumped approximately 132.14%. Shares of the company reached a 52-week high of $103.81 on 11/11/24 and a 52-week low of $39.48 on 01/05/24. A 50-day SMA is recorded $83.40, while a 200-day SMA reached $66.64. Nevertheless, trading volume fell to 0.52 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Procept BioRobotics Corp (PRCT)
According to the 24-hour chart, there is a support level at 95.70, which, if violated, would cause prices to drop to 94.10. In the upper region, resistance lies at 99.89. The next price resistance is at 102.48. RSI (Relative Strength Index) is 60.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.92, which suggests the price will increase in the coming days. Percent R is at 36.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
