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. Procter & Gamble Co. shares valued at $4,581,185 were sold by Purushothaman Balaji on Apr 23 ’24. At $161.49 per share, Purushothaman Balaji sold 28,369 shares. The insider’s holdings dropped to 11,507 shares worth approximately $1.87 million following the completion of this transaction.
Also, Keith R. Alexandra sold 855 shares, netting a total of over 135,518 in proceeds. Following the sale of shares at $158.50 each, the insider now holds 4,004 shares.
Before that, Keith R. Alexandra had sold 776 shares from its account. In a trade valued at $122,693, the CEO – Beauty traded Procter & Gamble Co. shares for $158.11 each. Upon closing the transaction, the insider’s holdings decreased to 776 shares, worth approximately $0.79 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 surge of approximately 3.59%. Over the course of the year, Procter & Gamble Co. shares have jumped approximately 10.96%. 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 $159.30, while a 200-day SMA reached $153.02. Nevertheless, trading volume fell to 7.1 million shares from 7.71 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 160.39, which, if violated, would cause prices to drop to 158.19. In the upper region, resistance lies at 163.83. The next price resistance is at 165.07. RSI (Relative Strength Index) is 66.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.00, which suggests the price will increase in the coming days. Percent R is at 2.78%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
