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Procore Technologies Inc [NYSE: PCOR] Sees Decrease in Stock Value

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $2.02 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 $13.88 million.

As published in their initiating research note from UBS on December 02, 2024, Procore Technologies Inc [PCOR] has been a Buy and the price target has been revised to $105. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in late November. As of September 24, 2024, Robert W. Baird has initiated its “an Outperform” rating for PCOR. Earlier on August 02, 2024, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” for PCOR stock which previously was a “a Buy”.

Analyzing PCOR Stock Performance

During the last five days, there has been a surge of approximately 3.76%. Over the course of the year, Procore Technologies Inc shares have jumped approximately 22.09%. Shares of the company reached a 52-week high of $86.67 on 12/05/24 and a 52-week low of $49.46 on 08/02/24. A 50-day SMA is recorded $67.88, while a 200-day SMA reached $67.78. Nevertheless, trading volume fell to 2.99 million shares from 2.33 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 83.54, which, if violated, would cause prices to drop to 82.58. In the upper region, resistance lies at 86.07. The next price resistance is at 87.64. RSI (Relative Strength Index) is 77.34 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.63, which suggests the price will increase in the coming days. Percent R is at 11.58%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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