Performance Food Group Company (PFGC) receives an Overweight rating from Piper Sandler

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Performance Food Group Company’s recently made public that its Director SINGER DAVID V unloaded Company’s shares for reported $59936.0 on Nov 20 ’23. In the deal valued at $62.76 per share,955 shares were sold. As a result of this transaction, SINGER DAVID V now holds 9,417 shares worth roughly $0.7 million.

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Then, Hagerty Patrick T. sold 2,000 shares, generating $111,240 in total proceeds. Upon selling the shares at $55.62, the insider now owns 155,035 shares.

Before that, Hagerty Patrick T. sold 2,000 shares. Performance Food Group Company shares valued at $118,460 were divested by the insider at a price of $59.23 per share. As a result of the transaction, Hagerty Patrick T. now holds 157,035 shares, worth roughly $11.61 million.

A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering PFGC and has decreased its forecast on June 20, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Stephens started covering the stock on September 23, 2022. It rated PFGC as “an Overweight”.

Price Performance Review of PFGC

On Tuesday, Performance Food Group Company [NYSE:PFGC] saw its stock fall -0.20% to $73.95. Over the last five days, the stock has lost -1.58%. Performance Food Group Company shares have risen nearly 6.94% since the year began. Nevertheless, the stocks have risen 24.04% over the past one year. While a 52-week high of $78.54 was reached on 03/05/24, a 52-week low of $52.92 was recorded on 01/05/24. SMA at 50 days reached $74.48, while 200 days put it at $64.78. A total of 1.07 million shares were traded, compared to the trading of 0.73 million shares in the previous session.

Levels Of Support And Resistance For PFGC Stock

The 24-hour chart illustrates a support level at 73.46, which if violated will result in even more drops to 72.98. On the upside, there is a resistance level at 74.35. A further resistance level may holdings at 74.76. The Relative Strength Index (RSI) on the 14-day chart is 41.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.55%. Stochastics %K at 8.62% indicates the stock is a buying.

How much short interest is there in Performance Food Group Company?

A steep rise in short interest was recorded in Performance Food Group Company stocks on Mar 15, 2024, growing by 0.15 million shares to a total of 1.97 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.82 million shares. There was a rise of 7.61%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.64% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.44.

The most recent change occurred on May 18, 2022 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $71 price target.

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