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Colgate-Palmolive Co. [CL] Insider Activity: An Update for Investors

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Colgate-Palmolive Co.’s recent filing unveils that its Director BILBREY JOHN P unloaded Company’s shares for reported $0.58 million on May 01 ’24. In the deal valued at $91.59 per share,6,329 shares were sold. As a result of this transaction, BILBREY JOHN P now holds 30,236 shares worth roughly $2.81 million.

Then, Massey Sally sold 6,115 shares, generating $562,091 in total proceeds. Upon selling the shares at $91.92, the Chief Human Resources Officer now owns 13,924 shares.

Before that, Wallace Noel R. sold 69,948 shares. Colgate-Palmolive Co. shares valued at $5,890,887 were divested by the Chairman, President & CEO at a price of $84.22 per share. As a result of the transaction, Wallace Noel R. now holds 286,881 shares, worth roughly $26.65 million.

A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late January from “a Mkt perform” to “an Outperform”. BofA Securities also remained covering CL and has increased its forecast on December 15, 2023 with a “Buy” recommendation from previously “Neutral” rating. Jefferies started covering the stock on November 13, 2023. It rated CL as “a Buy”.

Price Performance Review of CL

On Friday, Colgate-Palmolive Co. [NYSE:CL] saw its stock fall -0.03% to $92.88. Over the last five days, the stock has gained 2.05%. Colgate-Palmolive Co. shares have risen nearly 16.52% since the year began. Nevertheless, the stocks have risen 14.30% over the past one year. While a 52-week high of $93.25 was reached on 05/02/24, a 52-week low of $67.62 was recorded on 01/02/24. SMA at 50 days reached $88.28, while 200 days put it at $79.58. A total of 5.43 million shares were traded, compared to the trading of 9.51 million shares in the previous session.

Levels Of Support And Resistance For CL Stock

The 24-hour chart illustrates a support level at 91.78, which if violated will result in even more drops to 90.67. On the upside, there is a resistance level at 93.52. A further resistance level may holdings at 94.15. The Relative Strength Index (RSI) on the 14-day chart is 76.17, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.98%. Stochastics %K at 93.71% indicates the stock is a selling.

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