Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Porch Group Inc shares valued at $130,705 were sold by Tabak Shawn on Dec 16 ’24. At $6.00 per share, Tabak Shawn sold 21,774 shares. The insider’s holdings dropped to 287,839 shares worth approximately $1.49 million following the completion of this transaction.
Also, Tabak Shawn purchased 21,774 shares, netting a total of over 129,759 in proceeds.
Before that, Tabak Shawn had sold 12,500 shares from its account. In a trade valued at $64,019, the CHIEF FINANCIAL OFFICER traded Porch Group Inc shares for $5.12 each. Upon closing the transaction, the insider’s holdings decreased to 12,500 shares, worth approximately $1.6 million.
Analysts at Loop Capital downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid March. As of November 09, 2022, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for PRCH.
Analyzing PRCH Stock Performance
During the last five days, there has been a surge of approximately 10.97%. Over the course of the year, Porch Group Inc shares have jumped approximately 4.88%. Shares of the company reached a 52-week high of $5.50 on 01/06/25 and a 52-week low of $3.99 on 01/27/25. A 50-day SMA is recorded $4.86, while a 200-day SMA reached $2.72. Nevertheless, trading volume fell to 0.96 million shares from 1.85 million shares the previous day.
Support And Resistance Levels for Porch Group Inc (PRCH)
According to the 24-hour chart, there is a support level at 5.01, which, if violated, would cause prices to drop to 4.87. In the upper region, resistance lies at 5.27. The next price resistance is at 5.39. RSI (Relative Strength Index) is 62.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 20.34%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
