In a filing, PPG Industries, Inc. revealed its Senior VP & CFO Morales Vincent J unloaded Company’s shares for reported $0.48 million on Mar 01 ’24. In the deal valued at $140.94 per share,3,400 shares were sold. As a result of this transaction, Morales Vincent J now holds 28,439 shares worth roughly $3.71 million.
Then, Morales Vincent J sold 3,700 shares, generating $530,321 in total proceeds. Upon selling the shares at $143.33, the Senior VP & CFO now owns 22,665 shares.
Before that, MCGARRY MICHAEL H sold 58,378 shares. PPG Industries, Inc. shares valued at $8,491,397 were divested by the Executive Chairman at a price of $145.46 per share. As a result of the transaction, MCGARRY MICHAEL H now holds 195,706 shares, worth roughly $25.53 million.
Seaport Research Partners upgraded its PPG Industries, Inc. [PPG] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in late April from “an Outperform” to “an In-line”. Wells Fargo also remained covering PPG and has increased its forecast on April 11, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. UBS revised its rating on March 07, 2024. It rated PPG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PPG
On Tuesday, PPG Industries, Inc. [NYSE:PPG] saw its stock fall -0.56% to $130.43. Over the last five days, the stock has lost -2.31%. PPG Industries, Inc. shares have fallen nearly -12.79% since the year began. Nevertheless, the stocks have fallen -8.13% over the past one year. While a 52-week high of $152.89 was reached on 01/02/24, a 52-week low of $120.32 was recorded on 04/22/24. SMA at 50 days reached $139.86, while 200 days put it at $138.90. A total of 2.59 million shares were traded, compared to the trading of 2.46 million shares in the previous session.
Levels Of Support And Resistance For PPG Stock
The 24-hour chart illustrates a support level at 129.36, which if violated will result in even more drops to 128.28. On the upside, there is a resistance level at 131.58. A further resistance level may holdings at 132.72. The Relative Strength Index (RSI) on the 14-day chart is 31.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.83%. Stochastics %K at 10.21% indicates the stock is a buying.
The most recent change occurred on March 01, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating.
