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 sold by Singer Benjamin C on Dec 23 ’24. At $76.18 per share, Singer Benjamin C sold 1,500 shares. The insider’s holdings dropped to 84,539 shares worth approximately $6.45 million following the completion of this transaction.
Also, BENJAMIN C SINGER purchased 1,500 shares, netting a total of over 114,270 in proceeds.
Before that, O CONNOR KEVIN J had sold 33,332 shares from its account. In a trade valued at $2,730,961, the Director traded Procore Technologies Inc shares for $81.93 each. Upon closing the transaction, the insider’s holdings decreased to 33,332 shares, worth approximately $97.89 million.
As published in a research note from Jefferies on January 06, 2025, Procore Technologies Inc [PCOR] has been rated up from a Hold to a Buy and the price target has been revised to $100 from $80. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of November 22, 2024, BMO Capital Markets has reiterated its “an Outperform” rating for PCOR. Earlier on September 24, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for PCOR stock.
Analyzing PCOR Stock Performance
During the last five days, there has been a surge of approximately 1.86%. Over the course of the year, Procore Technologies Inc shares have jumped approximately 1.86%. Shares of the company reached a 52-week high of $79.71 on 01/06/25 and a 52-week low of $74.58 on 01/02/25. A 50-day SMA is recorded $75.10, while a 200-day SMA reached $67.75. Nevertheless, trading volume fell to 0.73 million shares from 0.93 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 75.09, which, if violated, would cause prices to drop to 73.86. In the upper region, resistance lies at 77.16. The next price resistance is at 78.00. RSI (Relative Strength Index) is 48.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.41, which suggests the price will decrease in the coming days. Percent R is at 63.28%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
