Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PepsiCo Inc shares valued at $750,340 were sold by Krishnan Ramkumar on Mar 11 ’24. At $164.44 per share, Krishnan Ramkumar sold 4,563 shares. The insider’s holdings dropped to 59,573 shares worth approximately $10.53 million following the completion of this transaction.
Also, Willemsen Eugene sold 7,700 shares, netting a total of over 1,306,999 in proceeds. Following the sale of shares at $169.74 each, the insider now holds 16,715 shares.
Before that, Johnston Hugh F had sold 48,388 shares from its account. In a trade valued at $8,064,067, the Vice Chairman, EVP & CFO traded PepsiCo Inc shares for $166.65 each. Upon closing the transaction, the insider’s holdings decreased to 48,388 shares, worth approximately $17.07 million.
As published in a research note from Jefferies on April 05, 2024, PepsiCo Inc [PEP] has been retained to a Buy and the price target has been revised to $209. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early April. As of March 18, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for PEP. Earlier on February 12, 2024, Citigroup upgraded its rating. Their new recommendation was “a Buy” for PEP stock which previously was a “a Neutral”.
Analyzing PEP Stock Performance
During the last five days, there has been a surge of approximately 2.56%. Over the course of the year, PepsiCo Inc shares have jumped approximately 4.03%. Shares of the company reached a 52-week high of $180.63 on 04/25/24 and a 52-week low of $161.81 on 03/05/24. A 50-day SMA is recorded $169.10, while a 200-day SMA reached $171.50. Nevertheless, trading volume fell to 7.44 million shares from 10.02 million shares the previous day.
Support And Resistance Levels for PepsiCo Inc (PEP)
According to the 24-hour chart, there is a support level at 174.79, which, if violated, would cause prices to drop to 172.90. In the upper region, resistance lies at 179.60. The next price resistance is at 182.52. RSI (Relative Strength Index) is 61.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.84, which suggests the price will increase in the coming days. Percent R is at 27.05%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
