The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Perrigo Company plc shares valued at $67,877 were purchased by Ives Alison on Mar 05 ’24. At $27.26 per share, Ives Alison acquired 2,490 shares. The insider’s holdings grew to 16,122 shares worth approximately $0.47 million following the completion of this transaction.
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Also, Willis Robert purchased 371 shares, netting a total of over 9,757 in proceeds. Following the buying of shares at $26.30 each, the insider now holds 25,476 shares.
Before that, Lockwood-Taylor Patrick had added 9,500 shares to its account. In a trade valued at $252,168, the CEO bought Perrigo Company plc shares for $26.54 each. Upon closing the transaction, the insider’s holdings increased to 9,500 shares, worth approximately $0.6 million.
As published in their initiating research note from Piper Sandler on November 17, 2023, Perrigo Company plc [PRGO] has been an Overweight and the price target has been revised to $37. Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of September 14, 2022, Argus has increased its “Hold” rating to a “Buy” for PRGO. Earlier on September 06, 2022, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for PRGO stock which previously was a “an Equal weight”.
Analyzing PRGO Stock Performance
During the last five days, there has been a drop of approximately -2.95%. Over the course of the year, Perrigo Company plc shares have dropped approximately -8.86%. Shares of the company reached a 52-week high of $34.60 on 01/09/24 and a 52-week low of $25.77 on 02/29/24. A 50-day SMA is recorded $31.06, while a 200-day SMA reached $31.68. Nevertheless, trading volume fell to 1.49 million shares from 1.74 million shares the previous day.
Support And Resistance Levels for Perrigo Company plc (PRGO)
According to the 24-hour chart, there is a support level at 29.13, which, if violated, would cause prices to drop to 28.93. In the upper region, resistance lies at 29.65. The next price resistance is at 29.97. RSI (Relative Strength Index) is 37.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.12, which suggests the price will decrease in the coming days. Percent R is at 98.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
