In a filing, Proto Labs Inc revealed its President and CEO Bodor Robert acquired Company’s shares for reported $99800.0 on Sep 06 ’24. In the deal valued at $28.68 per share,3,480 shares were bought. As a result of this transaction, Bodor Robert now holds 80,878 shares worth roughly $3.29 million.
Cantor Fitzgerald initiated its Proto Labs Inc [PRLB] rating to an Overweight in a research note published on June 05, 2024; the price target was $44. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in early August from “a Sell” to “a Hold”. The Benchmark Company also remained covering PRLB and has increased its forecast on February 13, 2023 with a “Buy” recommendation from previously “Hold” rating. Lake Street started covering the stock on November 29, 2022. It rated PRLB as “a Buy”.
Price Performance Review of PRLB
On Friday, Proto Labs Inc [NYSE:PRLB] saw its stock fall -1.33% to $40.72. Over the last five days, the stock has lost -6.58%. Proto Labs Inc shares have risen nearly 4.52% since the year began. Nevertheless, the stocks have risen 5.06% over the past one year. While a 52-week high of $45.15 was reached on 12/10/24, a 52-week low of $25.75 was recorded on 08/05/24. SMA at 50 days reached $36.73, while 200 days put it at $32.68.
Levels Of Support And Resistance For PRLB Stock
The 24-hour chart illustrates a support level at 39.71, which if violated will result in even more drops to 38.71. On the upside, there is a resistance level at 41.69. A further resistance level may holdings at 42.66. The Relative Strength Index (RSI) on the 14-day chart is 49.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.96%. Stochastics %K at 16.93% indicates the stock is a buying.
How much short interest is there in Proto Labs Inc?
A steep rise in short interest was recorded in Proto Labs Inc stocks on 2024-11-29, dropping by -0.23 million shares to a total of 0.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.01 million shares. There was a decline of -29.76%, which implies that there is a negative sentiment for the stock.
