Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Procter & Gamble Co. shares valued at $122,693 were sold by Keith R. Alexandra on Mar 04 ’24. At $158.11 per share, Keith R. Alexandra sold 776 shares. The insider’s holdings dropped to 4,859 shares worth approximately $0.76 million following the completion of this transaction.
Also, Coombe Gary A sold 22,000 shares, netting a total of over 3,549,104 in proceeds. Following the sale of shares at $161.32 each, the insider now holds 36,845 shares.
Before that, Francisco Ma. Fatima had sold 20,323 shares from its account. In a trade valued at $3,272,003, the CEO – Baby, Fem & Family Care traded Procter & Gamble Co. shares for $161.00 each. Upon closing the transaction, the insider’s holdings decreased to 20,323 shares, worth approximately $0.15 million.
As published in a research note from Truist on March 11, 2024, Procter & Gamble Co. [PG] has been rated up from a Hold to a Buy and the price target has been revised to $175 from $160. As of November 13, 2023, Jefferies has initiated its “Buy” rating for PG. Earlier on September 22, 2023, HSBC Securities initiated its rating. Their recommendation was “a Buy” for PG stock.
Analyzing PG Stock Performance
During the last five days, there has been a drop of approximately -0.18%. Over the course of the year, Procter & Gamble Co. shares have jumped approximately 7.11%. Shares of the company reached a 52-week high of $163.14 on 03/28/24 and a 52-week low of $146.28 on 01/22/24. A 50-day SMA is recorded $159.12, while a 200-day SMA reached $152.79. Nevertheless, trading volume fell to 6.56 million shares from 6.1 million shares the previous day.
Support And Resistance Levels for Procter & Gamble Co. (PG)
According to the 24-hour chart, there is a support level at 156.10, which, if violated, would cause prices to drop to 155.23. In the upper region, resistance lies at 157.47. The next price resistance is at 157.98. RSI (Relative Strength Index) is 44.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.06, which suggests the price will decrease in the coming days. Percent R is at 73.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
