Procter & Gamble Co.’s recent filing unveils that its CEO – Beauty Keith R. Alexandra unloaded Company’s shares for reported $0.12 million on Mar 04 ’24. In the deal valued at $158.11 per share,776 shares were sold. As a result of this transaction, Keith R. Alexandra now holds 4,859 shares worth roughly $0.76 million.
Then, Coombe Gary A sold 22,000 shares, generating $3,549,104 in total proceeds. Upon selling the shares at $161.32, the CEO – Grooming now owns 36,845 shares.
Before that, Francisco Ma. Fatima sold 20,323 shares. Procter & Gamble Co. shares valued at $3,272,003 were divested by the CEO – Baby, Fem & Family Care at a price of $161.00 per share. As a result of the transaction, Francisco Ma. Fatima now holds 979 shares, worth roughly $0.15 million.
Truist upgraded its Procter & Gamble Co. [PG] rating to a Buy from a a Hold in a research note published on March 11, 2024; the price target was increased to $175 from $160. Jefferies began covering PG with “Buy” recommendation on November 13, 2023. HSBC Securities started covering the stock on September 22, 2023. It rated PG as “a Buy”.
Price Performance Review of PG
On Friday, Procter & Gamble Co. [NYSE:PG] saw its stock jump 0.42% to $156.10. Over the last five days, the stock has lost -3.79%. Procter & Gamble Co. shares have risen nearly 6.52% since the year began. Nevertheless, the stocks have risen 3.91% over the past one year. While a 52-week high of $163.14 was reached on 03/28/24, a 52-week low of $141.45 was recorded on 01/22/24. SMA at 50 days reached $159.29, while 200 days put it at $152.54. A total of 5.08 million shares were traded, compared to the trading of 6.8 million shares in the previous session.
Levels Of Support And Resistance For PG Stock
The 24-hour chart illustrates a support level at 154.84, which if violated will result in even more drops to 153.58. On the upside, there is a resistance level at 157.21. A further resistance level may holdings at 158.32. The Relative Strength Index (RSI) on the 14-day chart is 35.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.31%. Stochastics %K at 7.83% indicates the stock is a buying.
How much short interest is there in Procter & Gamble Co.?
A steep rise in short interest was recorded in Procter & Gamble Co. stocks on Mar 15, 2024, growing by 1.97 million shares to a total of 19.36 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 17.39 million shares. There was a rise of 10.18%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.82% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.41.
The most recent change occurred on September 08, 2023 when William Blair began covering the stock and recommended ‘”a Mkt perform”‘ rating .
