Paccar Inc.’s recently made public that its VICE PRESIDENT/GENERAL COUNSEL WALTON MICHAEL K unloaded Company’s shares for reported $0.96 million on May 06 ’24. In the deal valued at $105.11 per share,9,123 shares were sold. As a result of this transaction, WALTON MICHAEL K now holds 1,468 shares worth roughly $0.15 million.
Then, SCHIPPERS HARRIE sold 32,797 shares, generating $3,479,024 in total proceeds. Upon selling the shares at $106.08, the PRESIDENT & CFO now owns 103,547 shares.
Before that, HUBBARD TODD R sold 2,000 shares. Paccar Inc. shares valued at $212,300 were divested by the VICE PRESIDENT at a price of $106.15 per share. As a result of the transaction, HUBBARD TODD R now holds 5,726 shares, worth roughly $0.6 million.
RBC Capital Mkts initiated its Paccar Inc. [PCAR] rating to a Sector perform in a research note published on March 26, 2024; the price target was $123. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “a Buy”. Truist began covering PCAR with “Hold” recommendation on March 14, 2024. TD Cowen maintained its rating on January 24, 2024. It rated PCAR as “a Market perform”.
Price Performance Review of PCAR
On Monday, Paccar Inc. [NASDAQ:PCAR] saw its stock jump 0.34% to $105.15. Over the last five days, the stock has lost -7.47%. Paccar Inc. shares have risen nearly 7.68% since the year began. Nevertheless, the stocks have risen 53.05% over the past one year. While a 52-week high of $125.50 was reached on 03/28/24, a 52-week low of $66.17 was recorded on 01/04/24. SMA at 50 days reached $116.05, while 200 days put it at $97.23. A total of 2.77 million shares were traded, compared to the trading of 3.9 million shares in the previous session.
Levels Of Support And Resistance For PCAR Stock
The 24-hour chart illustrates a support level at 104.71, which if violated will result in even more drops to 104.28. On the upside, there is a resistance level at 105.73. A further resistance level may holdings at 106.32. The Relative Strength Index (RSI) on the 14-day chart is 27.99, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.54%. Stochastics %K at 7.71% indicates the stock is a buying.
