Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Procept BioRobotics Corp shares valued at $2,568,844 were sold by Zadno Reza on Dec 04 ’24. At $97.22 per share, Zadno Reza sold 26,423 shares. The insider’s holdings dropped to 152,762 shares worth approximately $11.14 million following the completion of this transaction.
Also, Nouri Alaleh sold 28,092 shares, netting a total of over 2,728,574 in proceeds. Following the sale of shares at $97.13 each, the insider now holds 52,472 shares.
Before that, REZA ZADNO had added 26,423 shares to its account. In a trade valued at $2,549,291, the Director bought Procept BioRobotics Corp shares for $96.48 each.
As published in their initiating research note from Morgan Stanley on December 02, 2024, Procept BioRobotics Corp [PRCT] has been an Overweight and the price target has been revised to $105. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in mid November. As of August 11, 2023, Piper Sandler has initiated its “an Overweight” rating for PRCT. Earlier on May 31, 2023, William Blair initiated its rating. Their recommendation was “an Outperform” for PRCT stock.
Analyzing PRCT Stock Performance
During the last five days, there has been a surge of approximately 6.62%. Over the course of the year, Procept BioRobotics Corp shares have dropped approximately -9.40%. Shares of the company reached a 52-week high of $89.49 on 01/06/25 and a 52-week low of $67.28 on 01/23/25. A 50-day SMA is recorded $85.89, while a 200-day SMA reached $73.69. Nevertheless, trading volume fell to 0.74 million shares from 0.79 million shares the previous day.
Support And Resistance Levels for Procept BioRobotics Corp (PRCT)
According to the 24-hour chart, there is a support level at 71.90, which, if violated, would cause prices to drop to 70.85. In the upper region, resistance lies at 73.73. The next price resistance is at 74.51. RSI (Relative Strength Index) is 37.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.16, which suggests the price will decrease in the coming days. Percent R is at 72.64%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
