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. Procore Technologies Inc shares valued at $2,730,961 were sold by O CONNOR KEVIN J on Dec 10 ’24. At $81.93 per share, O CONNOR KEVIN J sold 33,332 shares. The insider’s holdings dropped to 1,282,648 shares worth approximately $96.81 million following the completion of this transaction.
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Also, O CONNOR KEVIN J sold 6,410 shares, netting a total of over 520,860 in proceeds. Following the sale of shares at $81.26 each, the insider now holds 1,269,828 shares.
Before that, O CONNOR KEVIN J had sold 6,410 shares from its account. In a trade valued at $518,120, the Director traded Procore Technologies Inc shares for $80.83 each. Upon closing the transaction, the insider’s holdings decreased to 6,410 shares, worth approximately $96.33 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 drop of approximately -7.48%. Over the course of the year, Procore Technologies Inc shares have jumped approximately 9.04%. 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 $71.77, while a 200-day SMA reached $67.94. Nevertheless, trading volume fell to 1.78 million shares from 2.13 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 74.53, which, if violated, would cause prices to drop to 73.57. In the upper region, resistance lies at 77.12. The next price resistance is at 78.75. RSI (Relative Strength Index) is 46.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.82, which suggests the price will decrease in the coming days. Percent R is at 96.38%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
