Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Procore Technologies Inc shares valued at $114,270 were purchased by BENJAMIN C SINGER on Dec 23 ’24. At $76.18 per share, BENJAMIN C SINGER acquired 1,500 shares.
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Also, O CONNOR KEVIN J sold 33,332 shares, netting a total of over 2,730,961 in proceeds. Following the sale of shares at $81.93 each, the insider now holds 1,282,648 shares.
Before that, O CONNOR KEVIN J had sold 6,410 shares from its account. In a trade valued at $520,860, the Director traded Procore Technologies Inc shares for $81.26 each. Upon closing the transaction, the insider’s holdings decreased to 6,410 shares, worth approximately $98.78 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 -2.06%. Over the course of the year, Procore Technologies Inc shares have jumped approximately 12.38%. 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 $72.66, while a 200-day SMA reached $67.90. Nevertheless, trading volume fell to 0.67 million shares from 1.64 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 76.51, which, if violated, would cause prices to drop to 75.24. In the upper region, resistance lies at 78.48. The next price resistance is at 79.17. RSI (Relative Strength Index) is 52.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.44, which suggests the price will decrease in the coming days. Percent R is at 70.14%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
