Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Colgate-Palmolive Co. shares valued at $579,696 were sold by BILBREY JOHN P on May 01 ’24. At $91.59 per share, BILBREY JOHN P sold 6,329 shares. The insider’s holdings dropped to 30,236 shares worth approximately $2.83 million following the completion of this transaction.
Also, Massey Sally sold 6,115 shares, netting a total of over 562,091 in proceeds. Following the sale of shares at $91.92 each, the insider now holds 13,924 shares.
Before that, Wallace Noel R. had sold 69,948 shares from its account. In a trade valued at $5,890,887, the Chairman, President & CEO traded Colgate-Palmolive Co. shares for $84.22 each. Upon closing the transaction, the insider’s holdings decreased to 69,948 shares, worth approximately $26.81 million.
Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late January. As of December 15, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for CL. Earlier on November 13, 2023, Jefferies initiated its rating. Their recommendation was “a Buy” for CL stock.
Analyzing CL Stock Performance
During the last five days, there has been a surge of approximately 1.71%. Over the course of the year, Colgate-Palmolive Co. shares have jumped approximately 17.26%. Shares of the company reached a 52-week high of $94.40 on 05/08/24 and a 52-week low of $79.39 on 01/02/24. A 50-day SMA is recorded $88.71, while a 200-day SMA reached $79.83. Nevertheless, trading volume fell to 7.25 million shares from 4.01 million shares the previous day.
Support And Resistance Levels for Colgate-Palmolive Co. (CL)
According to the 24-hour chart, there is a support level at 93.14, which, if violated, would cause prices to drop to 92.81. In the upper region, resistance lies at 94.10. The next price resistance is at 94.73. RSI (Relative Strength Index) is 73.56 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.57, which suggests the price will increase in the coming days. Percent R is at 10.95%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
