Arthur J. Gallagher & Co.’s recent filing unveils that its Vice President Cavaness Joel D unloaded Company’s shares for reported $0.31 million on Mar 18 ’24. In the deal valued at $255.20 per share,1,207 shares were sold. As a result of this transaction, Cavaness Joel D now holds 2,023 shares worth roughly $0.49 million.
Then, Hudson Scott R sold 15,458 shares, generating $3,930,660 in total proceeds. Upon selling the shares at $254.28, the Vice President now owns 96,709 shares.
Before that, Hudson Scott R sold 15,000 shares. Arthur J. Gallagher & Co. shares valued at $3,825,900 were divested by the Vice President at a price of $255.06 per share. As a result of the transaction, Hudson Scott R now holds 96,709 shares, worth roughly $23.5 million.
Truist downgraded its Arthur J. Gallagher & Co. [AJG] rating to a Hold from a a Buy in a research note published on April 10, 2024; the price target was decreased to $255 from $280. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early January with a ‘”a Market perform”‘ rating. Jefferies also remained covering AJG and has decreased its forecast on January 09, 2024 with a “Hold” recommendation from previously “Buy” rating. Keefe Bruyette revised its rating on December 15, 2023. It rated AJG as “an Underperform” which previously was an “a Mkt perform”.
Price Performance Review of AJG
On Monday, Arthur J. Gallagher & Co. [NYSE:AJG] saw its stock jump 1.80% to $243.01. Over the last five days, the stock has gained 4.05%. Arthur J. Gallagher & Co. shares have risen nearly 8.06% since the year began. Nevertheless, the stocks have risen 15.26% over the past one year. While a 52-week high of $256.10 was reached on 03/20/24, a 52-week low of $198.52 was recorded on 01/05/24. SMA at 50 days reached $243.56, while 200 days put it at $235.42. A total of 0.52 million shares were traded, compared to the trading of 1.03 million shares in the previous session.
Levels Of Support And Resistance For AJG Stock
The 24-hour chart illustrates a support level at 240.28, which if violated will result in even more drops to 237.56. On the upside, there is a resistance level at 244.39. A further resistance level may holdings at 245.78. The Relative Strength Index (RSI) on the 14-day chart is 58.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.31%. Stochastics %K at 82.84% indicates the stock is a selling.
