CHD (Church & Dwight Co., Inc.) may reap gains as insiders became active recently

Church & Dwight Co., Inc.’s filing revealed that its EVP, Chief HR Officer Hemsey Rene unloaded Company’s shares for reported $0.93 million on Feb 07. In the deal valued at $100.22 per share,9,280 shares were sold. As a result of this transaction, Hemsey Rene now holds 6,373 shares worth roughly $0.63 million.

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Then, FARRELL MATTHEW sold 275,000 shares, generating $27,578,182 in total proceeds. Upon selling the shares at $100.28, the President and CEO now owns 112,719 shares.

Before that, Linares Carlos G. sold 79,603 shares. Church & Dwight Co., Inc. shares valued at $8,007,656 were divested by the EVP Chief Tech&Global New Prod at a price of $100.59 per share. As a result of the transaction, Linares Carlos G. now holds 2,730 shares, worth roughly $0.27 million.

BofA Securities upgraded its Church & Dwight Co., Inc. [CHD] rating to a Neutral from a an Underperform in a research note published on December 15, 2023; the price target was increased to $100 from $85.

Price Performance Review of CHD

On Friday, Church & Dwight Co., Inc. [NYSE:CHD] saw its stock fall -1.11% to $98.83. Over the last five days, the stock has lost -0.54%. Church & Dwight Co., Inc. shares have risen nearly 4.52% since the year began. Nevertheless, the stocks have risen 18.73% over the past one year. While a 52-week high of $103.21 was reached on 02/02/24, a 52-week low of $81.79 was recorded on 01/05/24. SMA at 50 days reached $95.98, while 200 days put it at $94.69. A total of 1.38 million shares were traded, compared to the trading of 1.39 million shares in the previous session.

Levels Of Support And Resistance For CHD Stock

The 24-hour chart illustrates a support level at 97.96, which if violated will result in even more drops to 97.09. On the upside, there is a resistance level at 99.89. A further resistance level may holdings at 100.95. The Relative Strength Index (RSI) on the 14-day chart is 52.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.34%. Stochastics %K at 47.55% indicates the stock is a holding.

How much short interest is there in Church & Dwight Co., Inc.?

A steep rise in short interest was recorded in Church & Dwight Co., Inc. stocks on Jan 31, 2024, dropping by -1.16 million shares to a total of 5.35 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 6.51 million shares. There was a decline of -21.68%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.48% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.06.

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