Porch Group Inc’s recent filing unveils that its CHIEF FINANCIAL OFFICER Tabak Shawn unloaded Company’s shares for reported $64019.0 on Dec 06 ’24. In the deal valued at $5.12 per share,12,500 shares were sold. As a result of this transaction, Tabak Shawn now holds 309,613 shares worth roughly $1.66 million.
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Then, Tabak Shawn bought 12,500 shares, generating $63,510 in total proceeds.
Before that, Tabak Shawn sold 15,000 shares. Porch Group Inc shares valued at $30,032 were divested by the CHIEF FINANCIAL OFFICER at a price of $2.00 per share. As a result of the transaction, Tabak Shawn now holds 278,298 shares, worth roughly $1.49 million.
A number of analysts have revised their coverage, including Loop Capital’s analysts, who decreased its forecast for the stock in mid March from “a Buy” to “a Hold”. JP Morgan also remained covering PRCH and has decreased its forecast on November 09, 2022 with a “Neutral” recommendation from previously “an Overweight” rating.
Price Performance Review of PRCH
On Friday, Porch Group Inc [NASDAQ:PRCH] saw its stock jump 2.29% to $5.35. Over the last five days, the stock has lost -2.90%. Porch Group Inc shares have risen nearly 73.70% since the year began. Nevertheless, the stocks have risen 123.85% over the past one year. While a 52-week high of $5.70 was reached on 12/09/24, a 52-week low of $1.05 was recorded on 08/08/24. SMA at 50 days reached $2.87, while 200 days put it at $2.48.
Levels Of Support And Resistance For PRCH Stock
The 24-hour chart illustrates a support level at 5.16, which if violated will result in even more drops to 4.96. On the upside, there is a resistance level at 5.58. A further resistance level may holdings at 5.81. The Relative Strength Index (RSI) on the 14-day chart is 67.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.22%. Stochastics %K at 81.59% indicates the stock is a selling.
How much short interest is there in Porch Group Inc?
A steep rise in short interest was recorded in Porch Group Inc stocks on 2024-11-29, dropping by -1.07 million shares to a total of 8.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 9.24 million shares. There was a decline of -13.13%, which implies that there is a negative sentiment for the stock.
