Procter & Gamble Co.’s filing revealed that its Chief Operating Officer Jejurikar Shailesh unloaded Company’s shares for reported $5.05 million on Apr 30 ’24. In the deal valued at $162.90 per share,31,000 shares were sold. As a result of this transaction, Jejurikar Shailesh now holds 9,739 shares worth roughly $1.6 million.
Then, Purushothaman Balaji sold 28,369 shares, generating $4,581,185 in total proceeds. Upon selling the shares at $161.49, the Chief Human Resources Officer now owns 11,507 shares.
Before that, Keith R. Alexandra sold 855 shares. Procter & Gamble Co. shares valued at $135,518 were divested by the CEO – Beauty at a price of $158.50 per share. As a result of the transaction, Keith R. Alexandra now holds 4,004 shares, worth roughly $0.66 million.
Truist upgraded its Procter & Gamble Co. [PG] rating to a Buy from a a Hold in a research note published on March 11, 2024; the price target was increased to $175 from $160. Jefferies began covering PG with “Buy” recommendation on November 13, 2023. HSBC Securities started covering the stock on September 22, 2023. It rated PG as “a Buy”.
Price Performance Review of PG
On Friday, Procter & Gamble Co. [NYSE:PG] saw its stock jump 0.38% to $164.46. Over the last five days, the stock has gained 1.97%. Procter & Gamble Co. shares have risen nearly 12.23% since the year began. Nevertheless, the stocks have risen 5.27% over the past one year. While a 52-week high of $164.49 was reached on 05/03/24, a 52-week low of $141.45 was recorded on 01/22/24. SMA at 50 days reached $159.99, while 200 days put it at $153.50. A total of 5.58 million shares were traded, compared to the trading of 5.65 million shares in the previous session.
Levels Of Support And Resistance For PG Stock
The 24-hour chart illustrates a support level at 162.84, which if violated will result in even more drops to 161.23. On the upside, there is a resistance level at 165.39. A further resistance level may holdings at 166.33. The Relative Strength Index (RSI) on the 14-day chart is 69.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.23%. Stochastics %K at 94.44% indicates the stock is a selling.
The most recent change occurred on September 08, 2023 when William Blair began covering the stock and recommended ‘”a Mkt perform”‘ rating .
