W.W. Grainger Inc.’s recently made public that its Sr. VP Robbins Paige K unloaded Company’s shares for reported $3.69 million on Feb 29 ’24. In the deal valued at $968.88 per share,3,813 shares were sold. As a result of this transaction, Robbins Paige K now holds 4,909 shares worth roughly $4.69 million.
Then, Merriwether Deidra C sold 8,301 shares, generating $7,889,243 in total proceeds. Upon selling the shares at $950.40, the Sr. VP & CFO now owns 9,283 shares.
Before that, Robbins Paige K sold 3,122 shares. W.W. Grainger Inc. shares valued at $2,966,595 were divested by the Sr. VP at a price of $950.22 per share. As a result of the transaction, Robbins Paige K now holds 4,909 shares, worth roughly $4.69 million.
Loop Capital downgraded its W.W. Grainger Inc. [GWW] rating to a Hold from a a Buy in a research note published on February 20, 2024; the price target was increased to $1000 from $925. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in early January has reiterated a ‘”an Outperform”‘ rating for it. Jefferies also remained covering GWW and has decreased its forecast on December 20, 2023 with a “Hold” recommendation from previously “Buy” rating. UBS revised its rating on July 12, 2023. It rated GWW as “a Neutral” which previously was an “a Buy”.
Price Performance Review of GWW
On Tuesday, W.W. Grainger Inc. [NYSE:GWW] saw its stock jump 1.46% to $955.79. Over the last five days, the stock has lost -0.09%. W.W. Grainger Inc. shares have risen nearly 15.34% since the year began. Nevertheless, the stocks have risen 42.63% over the past one year. While a 52-week high of $1034.18 was reached on 03/21/24, a 52-week low of $641.95 was recorded on 01/03/24. SMA at 50 days reached $978.27, while 200 days put it at $822.10. A total of 0.2 million shares were traded, compared to the trading of 0.29 million shares in the previous session.
Levels Of Support And Resistance For GWW Stock
The 24-hour chart illustrates a support level at 944.58, which if violated will result in even more drops to 933.37. On the upside, there is a resistance level at 964.49. A further resistance level may holdings at 973.19. The Relative Strength Index (RSI) on the 14-day chart is 42.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -24.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.10%. Stochastics %K at 15.82% indicates the stock is a buying.
