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Potential Price Increase for W.W. Grainger Inc. (GWW) After Recent Insider Activity

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 $4.52 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 $4.52 million.

Stephens upgraded its W.W. Grainger Inc. [GWW] rating to an Overweight from a an Equal-weight in a research note published on April 29, 2024; the price target was increased to $1250 from $1000. A number of analysts have revised their coverage, including Loop Capital’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Hold”. Oppenheimer also remained covering GWW and reiterated its “an Outperform” recommendation on January 03, 2024. Jefferies revised its rating on December 20, 2023. It rated GWW as “a Hold” which previously was an “a Buy”.

Price Performance Review of GWW

On Tuesday, W.W. Grainger Inc. [NYSE:GWW] saw its stock fall -1.41% to $921.35. Over the last five days, the stock has lost -3.60%. W.W. Grainger Inc. shares have risen nearly 11.18% since the year began. Nevertheless, the stocks have risen 32.46% 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 $977.97, while 200 days put it at $826.08. A total of 0.55 million shares were traded, compared to the trading of 0.3 million shares in the previous session.

Levels Of Support And Resistance For GWW Stock

The 24-hour chart illustrates a support level at 912.92, which if violated will result in even more drops to 904.49. On the upside, there is a resistance level at 934.60. A further resistance level may holdings at 947.86. The Relative Strength Index (RSI) on the 14-day chart is 32.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -18.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.95%. Stochastics %K at 9.73% indicates the stock is a buying.

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