PotlatchDeltic Corp’s recently made public that its President and CEO CREMERS ERIC J unloaded Company’s shares for reported $0.79 million on Feb 12 ’24. In the deal valued at $45.13 per share,17,591 shares were sold. As a result of this transaction, CREMERS ERIC J now holds 241,111 shares worth roughly $11.16 million.
Then, Tyler Michele sold 3,968 shares, generating $179,110 in total proceeds. Upon selling the shares at $45.14, the VP, General Counsel & Corp Sec now owns 31,864 shares.
Before that, Schwartz Robert L. sold 3,060 shares. PotlatchDeltic Corp shares valued at $138,097 were divested by the VP, Human Resources at a price of $45.13 per share. As a result of the transaction, Schwartz Robert L. now holds 44,476 shares, worth roughly $2.06 million.
Raymond James downgraded its PotlatchDeltic Corp [PCH] rating to a Mkt perform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Sector perform”. RBC Capital Mkts also remained covering PCH and has increased its forecast on October 18, 2022 with a “an Outperform” recommendation from previously “Sector perform” rating. Truist started covering the stock on June 29, 2022. It rated PCH as “a Hold”.
Price Performance Review of PCH
On Tuesday, PotlatchDeltic Corp [NASDAQ:PCH] saw its stock jump 2.41% to $46.27. Over the last five days, the stock has gained 0.43%. PotlatchDeltic Corp shares have fallen nearly -5.76% since the year began. Nevertheless, the stocks have fallen -2.26% over the past one year. While a 52-week high of $53.38 was reached on 01/02/24, a 52-week low of $40.91 was recorded on 02/22/24. SMA at 50 days reached $45.39, while 200 days put it at $47.18. A total of 0.29 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For PCH Stock
The 24-hour chart illustrates a support level at 45.68, which if violated will result in even more drops to 45.10. On the upside, there is a resistance level at 46.59. A further resistance level may holdings at 46.92. The Relative Strength Index (RSI) on the 14-day chart is 53.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.64%. Stochastics %K at 45.41% indicates the stock is a holding.
How much short interest is there in PotlatchDeltic Corp?
A steep rise in short interest was recorded in PotlatchDeltic Corp stocks on Mar 28, 2024, growing by 0.19 million shares to a total of 1.24 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.05 million shares. There was a rise of 15.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.19% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.18.
