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Graco Inc. (GGG) gets rating Initiated from Exane BNP Paribas

In a filing, Graco Inc. revealed its President, WW LED, Pres SCA O’Shea Peter J unloaded Company’s shares for reported $28.0 on May 06 ’24. In the deal valued at $82.94 per share,0 shares were sold. As a result of this transaction, O’Shea Peter J now holds 14,155 shares worth roughly $1.18 million.

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Then, Rothe Christian E sold 10,000 shares, generating $910,190 in total proceeds. Upon selling the shares at $91.02, the President, Industrial Division now owns 25,583 shares.

Before that, JOHNSON DALE D sold 63,510 shares. Graco Inc. shares valued at $5,950,595 were divested by the Chief Comm Development Officer at a price of $93.70 per share. As a result of the transaction, JOHNSON DALE D now holds 159,615 shares, worth roughly $13.34 million.

Exane BNP Paribas initiated its Graco Inc. [GGG] rating to a Neutral in a research note published on October 05, 2023; the price target was $73. Seaport Research Partners also remained covering GGG and has increased its forecast on February 02, 2023 with a “Buy” recommendation from previously “Neutral” rating. Robert W. Baird revised its rating on July 14, 2022. It rated GGG as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of GGG

On Friday, Graco Inc. [NYSE:GGG] saw its stock jump 0.29% to $83.56. Over the last five days, the stock has gained 1.75%. Graco Inc. shares have fallen nearly -3.69% since the year began. Nevertheless, the stocks have risen 6.95% over the past one year. While a 52-week high of $94.77 was reached on 03/21/24, a 52-week low of $69.78 was recorded on 05/01/24. SMA at 50 days reached $89.48, while 200 days put it at $82.42. A total of 0.85 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For GGG Stock

The 24-hour chart illustrates a support level at 83.00, which if violated will result in even more drops to 82.43. On the upside, there is a resistance level at 83.99. A further resistance level may holdings at 84.41. The Relative Strength Index (RSI) on the 14-day chart is 39.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.55%. Stochastics %K at 32.88% indicates the stock is a holding.

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