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Procore stock price intra-day movements in Procore stock
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Intra-day movements in Procore stock price show orderly price action, often interpreted by market pros as a sign of balanced buyer-seller dynamics before earnings reports. Inflation peaked at a 4-decade high of 9.1% in June 2022 as the economy rebounded rapidly from the pandemic recession. The Fed responded with 11 rate hikes in 2022 and 2023, raising its key rate to a 23-year high and significantly increasing borrowing costs across the economy. The easing of inflation may pave the way for the Fed to start cutting interest rates next week. Find your next big winner with StockStory today for free . Technical traders watching Procore stock price see a healthy sequence of higher lows forming, suggesting the uptrend remains intact barring macroeconomic shock events.