PTC

Underperforming without a clear catalyst yet

• PTC −1.67% on the last session vs SPY +0.74%: −2.4 pts of stock-specific move.
• Aftermath, crossed below 200-day avg (Oct 2): After its 7 crosses below the 200-day average in the past 5 years, PTC typically lost 0.9% over the next day (median) and was higher only 29% of the time; half the outcomes fell between -1.9% and +0.3%. An ordinary day: +0.0%. Among S&P 500 stocks after crosses below the 200-day average, that ranks #408 of 497. (Low confidence: few independent periods.)
• 1 insider or congressional trade in the past 30 days.
• Market backdrop (Fri): Average Hourly Earnings m/m 0.1% vs 0.3% expected (cooler); Non-Farm Employment Change 29K vs 89K expected (weaker); S&P futures +0.41%, 10-year yield -5bp in the 30 minutes after.