In a filing, Porch Group Inc revealed its Chief Operating Officer Neagle Matthew unloaded Company’s shares for reported $0.3 million on Mar 25 ’25. In the deal valued at $7.06 per share,42,672 shares were sold. As a result of this transaction, Neagle Matthew now holds 1,314,057 shares worth roughly $9.43 million.
Then, Neagle Matthew sold 27,328 shares, generating $191,042 in total proceeds. Upon selling the shares at $6.99, the Chief Operating Officer now owns 1,356,729 shares.
Before that, Neagle Matthew sold 60,000 shares. Porch Group Inc shares valued at $374,310 were divested by the Chief Operating Officer at a price of $6.24 per share. As a result of the transaction, Neagle Matthew now holds 1,384,057 shares, worth roughly $9.94 million.
Loop Capital upgraded its Porch Group Inc [PRCH] rating to a Buy from a a Hold in a research note published recently. Loop Capital also remained covering PRCH and has decreased its forecast on March 15, 2023 with a “Hold” recommendation from previously “Buy” rating. JP Morgan revised its rating on November 09, 2022. It rated PRCH as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of PRCH
On Tuesday, Porch Group Inc [NASDAQ:PRCH] saw its stock fall -1.51% to $7.18. Over the last five days, the stock has lost -9.80%. Porch Group Inc shares have risen nearly 45.93% since the year began. Nevertheless, the stocks have risen 66.59% over the past one year. While a 52-week high of $8.48 was reached on 03/26/25, a 52-week low of $1.05 was recorded on 02/25/25. SMA at 50 days reached $5.59, while 200 days put it at $3.28.
Levels Of Support And Resistance For PRCH Stock
The 24-hour chart illustrates a support level at 6.91, which if violated will result in even more drops to 6.64. On the upside, there is a resistance level at 7.46. A further resistance level may holdings at 7.74. The Relative Strength Index (RSI) on the 14-day chart is 59.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.62%. Stochastics %K at 59.03% indicates the stock is a holding.
How much short interest is there in Porch Group Inc?
A steep rise in short interest was recorded in Porch Group Inc stocks on 2025-03-14, dropping by -0.84 million shares to a total of 10.13 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 10.96 million shares. There was a decline of -8.26%, which implies that there is a negative sentiment for the stock.
