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. PTC Inc shares valued at $1,500,595 were purchased by Kniker Catherine on Dec 11 ’24. At $199.68 per share, Kniker Catherine acquired 7,515 shares.
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Also, VON STAATS AARON C sold 5,373 shares, netting a total of over 1,075,301 in proceeds. Following the sale of shares at $200.13 each, the insider now holds 21,707 shares.
Before that, VON STAATS AARON C had added 5,373 shares to its account. In a trade valued at $1,078,254, the Officer bought PTC Inc shares for $200.68 each.
As published in a research note from Berenberg on November 01, 2024, PTC Inc [PTC] has been rated down from a Buy to a Hold and the price target has been revised to $196 from $210. Analysts at Mizuho downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of January 04, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for PTC. Earlier on October 30, 2023, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for PTC stock which previously was a “a Perform”.
Analyzing PTC Stock Performance
During the last five days, there has been a drop of approximately -7.04%. Over the course of the year, PTC Inc shares have jumped approximately 6.96%. Shares of the company reached a 52-week high of $203.09 on 12/12/24 and a 52-week low of $163.30 on 05/02/24. A 50-day SMA is recorded $191.78, while a 200-day SMA reached $181.79. Nevertheless, trading volume fell to 0.94 million shares from 1.06 million shares the previous day.
Support And Resistance Levels for PTC Inc (PTC)
According to the 24-hour chart, there is a support level at 185.38, which, if violated, would cause prices to drop to 183.62. In the upper region, resistance lies at 190.47. The next price resistance is at 193.80. RSI (Relative Strength Index) is 35.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.28, which suggests the price will decrease in the coming days. Percent R is at 98.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
