Progress Software Corp’s recent filing unveils that its EVP/GM Digital Experience Jarrett Loren unloaded Company’s shares for reported $0.11 million on Nov 04 ’24. In the deal valued at $63.97 per share,1,666 shares were sold. As a result of this transaction, Jarrett Loren now holds 13,524 shares worth roughly $0.86 million.
Then, Subramanian Sundar sold 649 shares, generating $41,549 in total proceeds. Upon selling the shares at $64.02, the EVP/GM Infrastructure Mgmt now owns 18,469 shares.
Before that, LoCoco Domenic sold 6,086 shares. Progress Software Corp shares valued at $389,626 were divested by the Chief Accounting Officer at a price of $64.02 per share. As a result of the transaction, LoCoco Domenic now holds 5,199 shares, worth roughly $0.33 million.
DA Davidson initiated its Progress Software Corp [PRGS] rating to a Buy in a research note published on March 28, 2024; the price target was $65. Jefferies began covering PRGS with “Hold” recommendation on September 09, 2022. Guggenheim started covering the stock on August 12, 2022. It rated PRGS as “a Buy”.
Price Performance Review of PRGS
On Tuesday, Progress Software Corp [NASDAQ:PRGS] saw its stock jump 0.92% to $63.52. Over the last five days, the stock has gained 2.30%. Progress Software Corp shares have fallen nearly -2.50% since the year began. Nevertheless, the stocks have risen 9.84% over the past one year. While a 52-week high of $70.56 was reached on 01/02/25, a 52-week low of $48.00 was recorded on 01/13/25. SMA at 50 days reached $66.73, while 200 days put it at $58.70.
Levels Of Support And Resistance For PRGS Stock
The 24-hour chart illustrates a support level at 63.12, which if violated will result in even more drops to 62.71. On the upside, there is a resistance level at 64.02. A further resistance level may holdings at 64.51. The Relative Strength Index (RSI) on the 14-day chart is 41.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.79%. Stochastics %K at 30.47% indicates the stock is a holding.
How much short interest is there in Progress Software Corp?
A steep rise in short interest was recorded in Progress Software Corp stocks on 2024-12-31, growing by 0.37 million shares to a total of 5.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.94 million shares. There was a rise of 7.05%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 22, 2021 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $60 price target.
