Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PepsiCo Inc shares valued at $1,192,131 were sold by Flavell David on May 10 ’24. At $179.86 per share, Flavell David sold 6,628 shares. The insider’s holdings dropped to 36,264 shares worth approximately $6.5 million following the completion of this transaction.
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Also, Krishnan Ramkumar sold 5,620 shares, netting a total of over 1,000,360 in proceeds. Following the sale of shares at $178.00 each, the insider now holds 53,953 shares.
Before that, Krishnan Ramkumar had sold 4,563 shares from its account. In a trade valued at $750,340, the CEO, PBNA traded PepsiCo Inc shares for $164.44 each. Upon closing the transaction, the insider’s holdings decreased to 4,563 shares, worth approximately $10.68 million.
As published in a research note from Jefferies on April 05, 2024, PepsiCo Inc [PEP] has been retained to a Buy and the price target has been revised to $209. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early April. As of March 18, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for PEP. Earlier on February 12, 2024, Citigroup upgraded its rating. Their new recommendation was “a Buy” for PEP stock which previously was a “a Neutral”.
Analyzing PEP Stock Performance
During the last five days, there has been a drop of approximately -2.10%. Over the course of the year, PepsiCo Inc shares have jumped approximately 5.55%. Shares of the company reached a 52-week high of $183.41 on 05/16/24 and a 52-week low of $161.81 on 03/05/24. A 50-day SMA is recorded $174.10, while a 200-day SMA reached $170.60. Nevertheless, trading volume fell to 3.5 million shares from 4.05 million shares the previous day.
Support And Resistance Levels for PepsiCo Inc (PEP)
According to the 24-hour chart, there is a support level at 178.24, which, if violated, would cause prices to drop to 177.22. In the upper region, resistance lies at 181.09. The next price resistance is at 182.92. RSI (Relative Strength Index) is 54.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.00, which suggests the price will increase in the coming days. Percent R is at 50.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
