Progress Software Corp’s recently made public that its Chief Accounting Officer LoCoco Domenic unloaded Company’s shares for reported $56240.0 on Feb 03 ’25. In the deal valued at $56.24 per share,1,000 shares were sold. As a result of this transaction, LoCoco Domenic now holds 4,303 shares worth roughly $ 0.25 million.
Then, Pitt Ian sold 1,482 shares, generating $83,881 in total proceeds. Upon selling the shares at $56.60, the Chief Information Officer now owns 7,613 shares.
Before that, Jarrett Loren sold 10,074 shares. Progress Software Corp shares valued at $560,215 were divested by the EVP/GM Digital Experience at a price of $55.61 per share. As a result of the transaction, Jarrett Loren now holds 11,629 shares, worth roughly $0.67 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 Friday, Progress Software Corp [NASDAQ:PRGS] saw its stock fall -1.02% to $57.32. Over the last five days, the stock has gained 0.23%. Progress Software Corp shares have fallen nearly -12.02% since the year began. Nevertheless, the stocks have risen 4.26% 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 01/24/25. SMA at 50 days reached $62.66, while 200 days put it at $59.23.
Levels Of Support And Resistance For PRGS Stock
The 24-hour chart illustrates a support level at 56.63, which if violated will result in even more drops to 55.93. On the upside, there is a resistance level at 58.24. A further resistance level may holdings at 59.16. The Relative Strength Index (RSI) on the 14-day chart is 41.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.62%. Stochastics %K at 69.25% 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 2025-01-31, growing by 0.3 million shares to a total of 5.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 5.31 million shares. There was a rise of 5.36%, 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.
