PPG Industries, Inc.’s filing revealed that its Chairman and CEO KNAVISH TIMOTHY M acquired Company’s shares for reported $0.27 million on May 08 ’24. In the deal valued at $133.24 per share,2,061 shares were bought. As a result of this transaction, KNAVISH TIMOTHY M now holds 35,833 shares worth roughly $4.64 million.
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Then, Morales Vincent J sold 3,400 shares, generating $479,196 in total proceeds. Upon selling the shares at $140.94, the Senior VP & CFO now owns 28,439 shares.
Before that, Morales Vincent J sold 3,700 shares. PPG Industries, Inc. shares valued at $530,321 were divested by the Senior VP & CFO at a price of $143.33 per share. As a result of the transaction, Morales Vincent J now holds 22,665 shares, worth roughly $2.94 million.
Seaport Research Partners upgraded its PPG Industries, Inc. [PPG] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in late April from “an Outperform” to “an In-line”. Wells Fargo also remained covering PPG and has increased its forecast on April 11, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. UBS revised its rating on March 07, 2024. It rated PPG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PPG
On Tuesday, PPG Industries, Inc. [NYSE:PPG] saw its stock jump 0.86% to $129.57. Over the last five days, the stock has lost -1.60%. PPG Industries, Inc. shares have fallen nearly -13.36% since the year began. Nevertheless, the stocks have fallen -7.23% over the past one year. While a 52-week high of $152.89 was reached on 01/02/24, a 52-week low of $120.32 was recorded on 05/29/24. SMA at 50 days reached $133.44, while 200 days put it at $136.87. A total of 1.54 million shares were traded, compared to the trading of 1.04 million shares in the previous session.
Levels Of Support And Resistance For PPG Stock
The 24-hour chart illustrates a support level at 127.96, which if violated will result in even more drops to 126.35. On the upside, there is a resistance level at 130.65. A further resistance level may holdings at 131.72. The Relative Strength Index (RSI) on the 14-day chart is 42.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.35%. Stochastics %K at 20.57% indicates the stock is a holding.
The most recent change occurred on March 01, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating.
