Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Procter & Gamble Co. shares valued at $5,049,900 were sold by Jejurikar Shailesh on Apr 30 ’24. At $162.90 per share, Jejurikar Shailesh sold 31,000 shares. The insider’s holdings dropped to 9,739 shares worth approximately $1.59 million following the completion of this transaction.
Also, Purushothaman Balaji sold 28,369 shares, netting a total of over 4,581,185 in proceeds. Following the sale of shares at $161.49 each, the insider now holds 11,507 shares.
Before that, Keith R. Alexandra had sold 855 shares from its account. In a trade valued at $135,518, the CEO – Beauty traded Procter & Gamble Co. shares for $158.50 each. Upon closing the transaction, the insider’s holdings decreased to 855 shares, worth approximately $0.65 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 0.49%. Over the course of the year, Procter & Gamble Co. shares have jumped approximately 11.51%. Shares of the company reached a 52-week high of $164.32 on 04/25/24 and a 52-week low of $146.28 on 01/22/24. A 50-day SMA is recorded $159.84, while a 200-day SMA reached $153.36. Nevertheless, trading volume fell to 7.54 million shares from 8.11 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 162.33, which, if violated, would cause prices to drop to 161.27. In the upper region, resistance lies at 164.35. The next price resistance is at 165.31. RSI (Relative Strength Index) is 66.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.05, which suggests the price will increase in the coming days. Percent R is at 8.52%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
