Colgate-Palmolive Co.’s filing revealed that its Chairman, President & CEO Wallace Noel R. unloaded Company’s shares for reported $5.89 million on Feb 20 ’24. In the deal valued at $84.22 per share,69,948 shares were sold. As a result of this transaction, Wallace Noel R. now holds 286,881 shares worth roughly $24.63 million.
Then, Daniels Jennifer sold 3,538 shares, generating $299,578 in total proceeds. Upon selling the shares at $84.67, the CLO and Secretary now owns 59,698 shares.
Before that, Parameswaran Prabha sold 56,836 shares. Colgate-Palmolive Co. shares valued at $4,775,378 were divested by the Grp Pres, Growth & Strategy at a price of $84.02 per share. As a result of the transaction, Parameswaran Prabha now holds 18,681 shares, worth roughly $1.6 million.
A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late January from “a Mkt perform” to “an Outperform”. BofA Securities also remained covering CL and has increased its forecast on December 15, 2023 with a “Buy” recommendation from previously “Neutral” rating. Jefferies started covering the stock on November 13, 2023. It rated CL as “a Buy”.
Price Performance Review of CL
On Friday, Colgate-Palmolive Co. [NYSE:CL] saw its stock fall -0.17% to $85.85. Over the last five days, the stock has lost -2.31%. Colgate-Palmolive Co. shares have risen nearly 7.70% since the year began. Nevertheless, the stocks have risen 12.89% over the past one year. While a 52-week high of $90.37 was reached on 03/28/24, a 52-week low of $67.62 was recorded on 01/02/24. SMA at 50 days reached $86.77, while 200 days put it at $78.60. A total of 5.38 million shares were traded, compared to the trading of 3.91 million shares in the previous session.
Levels Of Support And Resistance For CL Stock
The 24-hour chart illustrates a support level at 85.60, which if violated will result in even more drops to 85.35. On the upside, there is a resistance level at 86.17. A further resistance level may holdings at 86.49. The Relative Strength Index (RSI) on the 14-day chart is 36.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.27%. Stochastics %K at 3.35% indicates the stock is a buying.
