The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Church & Dwight Co., Inc. shares valued at $1,037,805 were sold by Bruno Barry A. on Mar 13 ’24. At $104.55 per share, Bruno Barry A. sold 9,926 shares. The insider’s holdings dropped to 4,319 shares worth approximately $0.44 million following the completion of this transaction.
Also, FARRELL MATTHEW sold 275,000 shares, netting a total of over 28,552,535 in proceeds. Following the sale of shares at $103.83 each, the insider now holds 112,719 shares.
Before that, IRWIN BRADLEY C had sold 5,590 shares from its account. In a trade valued at $582,014, the Director traded Church & Dwight Co., Inc. shares for $104.12 each. Upon closing the transaction, the insider’s holdings decreased to 5,590 shares, worth approximately $3.81 million.
Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late February. As of December 15, 2023, BofA Securities has increased its “an Underperform” rating to a “Neutral” for CHD. Earlier on December 13, 2023, Citigroup downgraded its rating. Their new recommendation was “a Sell” for CHD stock which previously was a “a Neutral”.
Analyzing CHD Stock Performance
During the last five days, there has been a drop of approximately -0.56%. Over the course of the year, Church & Dwight Co., Inc. shares have jumped approximately 8.48%. Shares of the company reached a 52-week high of $105.67 on 03/13/24 and a 52-week low of $93.32 on 01/05/24. A 50-day SMA is recorded $101.63, while a 200-day SMA reached $96.08. Nevertheless, trading volume fell to 1.17 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for Church & Dwight Co., Inc. (CHD)
According to the 24-hour chart, there is a support level at 101.77, which, if violated, would cause prices to drop to 100.95. In the upper region, resistance lies at 103.14. The next price resistance is at 103.70. RSI (Relative Strength Index) is 49.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.28, which suggests the price will decrease in the coming days. Percent R is at 60.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Church & Dwight Co., Inc. subject to short interest?
Stocks of Church & Dwight Co., Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.69 million shares to 6.83 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 6.14 million shares. A jump of 10.1% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.84 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.84.
