Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Procore Technologies Inc shares valued at $507,065 were sold by Bueker Kathryn on Nov 25 ’24. At $78.01 per share, Bueker Kathryn sold 6,500 shares. The insider’s holdings dropped to 23,932 shares worth approximately $1.95 million following the completion of this transaction.
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Also, Bueker Kathryn purchased 6,500 shares, netting a total of over 507,043 in proceeds.
Before that, Fu Howard had sold 7,809 shares from its account. In a trade valued at $557,250, the CFO & Treasurer traded Procore Technologies Inc shares for $71.36 each. Upon closing the transaction, the insider’s holdings decreased to 7,809 shares, worth approximately $13.37 million.
As published in a research note from BMO Capital Markets on November 22, 2024, Procore Technologies Inc [PCOR] has been retained to an Outperform and the price target has been revised to $85. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. As of August 02, 2024, DA Davidson has decreased its “Buy” rating to a “Neutral” for PCOR. Earlier on August 02, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for PCOR stock which previously was a “an Overweight”.
Analyzing PCOR Stock Performance
During the last five days, there has been a surge of approximately 15.93%. Over the course of the year, Procore Technologies Inc shares have jumped approximately 17.67%. 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 $65.59, while a 200-day SMA reached $67.57. Nevertheless, trading volume fell to 2.17 million shares from 4.34 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 80.24, which, if violated, would cause prices to drop to 79.02. In the upper region, resistance lies at 82.09. The next price resistance is at 82.72. RSI (Relative Strength Index) is 79.69 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.10, which suggests the price will increase in the coming days. Percent R is at 0.44%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
