PTC (PTC) has risen sharply, recording gains of 4.83% in the past 4 weeks. However, the stock has corrected -2.02% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.42% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.14% and the 50-Day Moving Average is 5.4%. PTC Inc. is up 8.97% in the last 3-month period. Year-to-Date the stock performance stands at 14.73%.
PTC (NASDAQ:PTC): On Fridays trading session , Opening price of the stock was $40.22 with an intraday high of $40.2232. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $39.19. However, the stock managed to close at $39.73, a loss of 0.95% for the day. On the previous day, the stock had closed at $40.11. The total traded volume of the day was 1,230,884 shares.
PTC Inc., develops and delivers technology solutions, comprised of software and services, that transform the way customers create and service their products The Company operates in two Software Products, which includes license and related support revenue for all its products except training-related products, and Services, which includes consulting, implementation, training and license and support revenue for computer-based training products. The Companys solutions and software products include Computer-Aided Design (CAD), Product Lifecycle Management (PLM), Application Lifecycle Management (ALM), Supply Chain Management (SCM) and Service Lifecycle Management (SLM). The Company generates revenue through the sale of software licenses, support and services.