Graco Inc.’s recently made public that its President, Industrial Division Rothe Christian E unloaded Company’s shares for reported $0.91 million on Mar 29 ’24. In the deal valued at $91.02 per share,10,000 shares were sold. As a result of this transaction, Rothe Christian E now holds 25,583 shares worth roughly $2.35 million.
Then, JOHNSON DALE D sold 63,510 shares, generating $5,950,595 in total proceeds. Upon selling the shares at $93.70, the Chief Comm Development Officer now owns 159,615 shares.
Before that, Wordell Angela F sold 3,588 shares. Graco Inc. shares valued at $335,827 were divested by the Executive VP, Operations at a price of $93.60 per share. As a result of the transaction, Wordell Angela F now holds 12,725 shares, worth roughly $1.17 million.
Exane BNP Paribas initiated its Graco Inc. [GGG] rating to a Neutral in a research note published on October 05, 2023; the price target was $73. Seaport Research Partners also remained covering GGG and has increased its forecast on February 02, 2023 with a “Buy” recommendation from previously “Neutral” rating. Robert W. Baird revised its rating on July 14, 2022. It rated GGG as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of GGG
On Friday, Graco Inc. [NYSE:GGG] saw its stock jump 0.63% to $91.76. Over the last five days, the stock has lost -1.82%. Graco Inc. shares have risen nearly 5.76% since the year began. Nevertheless, the stocks have risen 29.79% over the past one year. While a 52-week high of $94.77 was reached on 03/21/24, a 52-week low of $68.76 was recorded on 01/09/24. SMA at 50 days reached $90.27, while 200 days put it at $82.36. A total of 1.0 million shares were traded, compared to the trading of 0.45 million shares in the previous session.
Levels Of Support And Resistance For GGG Stock
The 24-hour chart illustrates a support level at 91.26, which if violated will result in even more drops to 90.77. On the upside, there is a resistance level at 92.12. A further resistance level may holdings at 92.49. The Relative Strength Index (RSI) on the 14-day chart is 48.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.40%. Stochastics %K at 19.62% indicates the stock is a buying.
How much short interest is there in Graco Inc.?
A steep rise in short interest was recorded in Graco Inc. stocks on Mar 15, 2024, growing by 70000.0 shares to a total of 1.63 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.56 million shares. There was a rise of 4.29%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.26% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.33.
