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Perrigo Company plc (PRGO) rating initates by Piper Sandler

Perrigo Company plc’s filing revealed that its EVP & President CHCI Andersen Svend acquired Company’s shares for reported $27900.0 on May 28 ’24. In the deal valued at $27.90 per share,1,000 shares were bought. As a result of this transaction, Andersen Svend now holds 101,853 shares worth roughly $2.74 million.

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Then, Ives Alison bought 2,490 shares, generating $67,877 in total proceeds. Upon buying the shares at $27.26, the EVP & Chief Scientific Officer now owns 16,122 shares.

Before that, Willis Robert bought 371 shares. Perrigo Company plc shares valued at $9,757 were divested by the EVP & CHRO at a price of $26.30 per share. As a result of the transaction, Willis Robert now holds 25,476 shares, worth roughly $0.69 million.

Piper Sandler initiated its Perrigo Company plc [PRGO] rating to an Overweight in a research note published on November 17, 2023; the price target was $37. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. Argus also remained covering PRGO and has increased its forecast on September 14, 2022 with a “Buy” recommendation from previously “Hold” rating. Wells Fargo revised its rating on September 06, 2022. It rated PRGO as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of PRGO

On Friday, Perrigo Company plc [NYSE:PRGO] saw its stock fall -0.22% to $26.94. Over the last five days, the stock has lost -2.14%. Perrigo Company plc shares have fallen nearly -16.28% since the year began. Nevertheless, the stocks have fallen -20.11% over the past one year. While a 52-week high of $40.28 was reached on 01/09/24, a 52-week low of $25.77 was recorded on 02/29/24. SMA at 50 days reached $30.27, while 200 days put it at $31.06. A total of 1.1 million shares were traded, compared to the trading of 2.62 million shares in the previous session.

Levels Of Support And Resistance For PRGO Stock

The 24-hour chart illustrates a support level at 26.53, which if violated will result in even more drops to 26.12. On the upside, there is a resistance level at 27.25. A further resistance level may holdings at 27.56. The Relative Strength Index (RSI) on the 14-day chart is 32.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.14%. Stochastics %K at 11.07% indicates the stock is a buying.

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