Insider Selling: Gargano Anthony J, Graco Inc. [GGG] President, Asia Pacific divested 1,395 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Graco Inc. shares valued at $122,760 were sold by Gargano Anthony J on Feb 09. At $88.00 per share, Gargano Anthony J sold 1,395 shares. The insider’s holdings dropped to 5,697 shares worth approximately $0.5 million following the completion of this transaction.

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Also, White Timothy R sold 2,895 shares, netting a total of over 253,280 in proceeds. Following the sale of shares at $87.49 each, the insider now holds 50,782 shares.

Before that, O’Shea Peter J had sold 8,420 shares from its account. In a trade valued at $724,873, the President, WW LED, Pres SCA traded Graco Inc. shares for $86.09 each. Upon closing the transaction, the insider’s holdings decreased to 8,420 shares, worth approximately $1.25 million.

As published in their initiating research note from Exane BNP Paribas on October 05, 2023, Graco Inc. [GGG] has been a Neutral and the price target has been revised to $73.

Analyzing GGG Stock Performance

During the last five days, there has been a surge of approximately 1.19%. Over the course of the year, Graco Inc. shares have jumped approximately 1.82%. Shares of the company reached a 52-week high of $88.45 on 02/14/24 and a 52-week low of $82.54 on 01/09/24. A 50-day SMA is recorded $85.06, while a 200-day SMA reached $80.21. Nevertheless, trading volume fell to 0.63 million shares from 0.69 million shares the previous day.

Support And Resistance Levels for Graco Inc. (GGG)

According to the 24-hour chart, there is a support level at 87.53, which, if violated, would cause prices to drop to 86.72. In the upper region, resistance lies at 88.80. The next price resistance is at 89.26. RSI (Relative Strength Index) is 63.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.16, which suggests the price will increase in the coming days. Percent R is at 2.28%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Graco Inc. subject to short interest?

Stocks of Graco Inc. saw a sharp steep in short interest on Jan 31, 2024 dropping by 30000.0 shares to 1.28 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2023 was 1.31 million shares. A decline of -2.34% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.02 of the overall float, the days-to-cover ratio (short ratio) decline to 2.02.

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