Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Performance Food Group Company shares valued at $59,936 were sold by SINGER DAVID V on Nov 20 ’23. At $62.76 per share, SINGER DAVID V sold 955 shares. The insider’s holdings dropped to 9,417 shares worth approximately $0.67 million following the completion of this transaction.
Also, Hagerty Patrick T. sold 2,000 shares, netting a total of over 111,240 in proceeds. Following the sale of shares at $55.62 each, the insider now holds 155,035 shares.
Before that, Hagerty Patrick T. had sold 2,000 shares from its account. In a trade valued at $118,460, the insider traded Performance Food Group Company shares for $59.23 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $11.18 million.
Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of June 20, 2023, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for PFGC. Earlier on September 23, 2022, Stephens initiated its rating. Their recommendation was “an Overweight” for PFGC stock.
Analyzing PFGC Stock Performance
During the last five days, there has been a drop of approximately -3.30%. Over the course of the year, Performance Food Group Company shares have jumped approximately 2.98%. Shares of the company reached a 52-week high of $78.54 on 03/05/24 and a 52-week low of $68.47 on 04/04/24. A 50-day SMA is recorded $74.52, while a 200-day SMA reached $65.22. Nevertheless, trading volume fell to 0.65 million shares from 0.83 million shares the previous day.
Support And Resistance Levels for Performance Food Group Company (PFGC)
According to the 24-hour chart, there is a support level at 70.45, which, if violated, would cause prices to drop to 69.69. In the upper region, resistance lies at 71.70. The next price resistance is at 72.19. RSI (Relative Strength Index) is 36.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.25, which suggests the price will decrease in the coming days. Percent R is at 68.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Performance Food Group Company subject to short interest?
Stocks of Performance Food Group Company saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.15 million shares to 1.97 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.82 million shares. A jump of 7.61% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.44 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.44.
