Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Graco Inc. shares valued at $28 were sold by O’Shea Peter J on May 06 ’24. At $82.94 per share, O’Shea Peter J sold 0 shares. The insider’s holdings dropped to 14,155 shares worth approximately $1.14 million following the completion of this transaction.
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Also, Rothe Christian E sold 10,000 shares, netting a total of over 910,190 in proceeds. Following the sale of shares at $91.02 each, the insider now holds 25,583 shares.
Before that, JOHNSON DALE D had sold 63,510 shares from its account. In a trade valued at $5,950,595, the Chief Comm Development Officer traded Graco Inc. shares for $93.70 each. Upon closing the transaction, the insider’s holdings decreased to 63,510 shares, worth approximately $12.8 million.
As published in their initiating research note from Exane BNP Paribas on October 05, 2023, Graco Inc. [GGG] has been a Neutral and the price target has been revised to $73. As of February 02, 2023, Seaport Research Partners has increased its “Neutral” rating to a “Buy” for GGG. Earlier on July 14, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for GGG stock which previously was a “an Outperform”.
Analyzing GGG Stock Performance
During the last five days, there has been a surge of approximately 0.83%. Over the course of the year, Graco Inc. shares have dropped approximately -7.55%. Shares of the company reached a 52-week high of $94.77 on 03/21/24 and a 52-week low of $77.75 on 06/07/24. A 50-day SMA is recorded $83.27, while a 200-day SMA reached $82.84. Nevertheless, trading volume fell to 0.62 million shares from 0.78 million shares the previous day.
Support And Resistance Levels for Graco Inc. (GGG)
According to the 24-hour chart, there is a support level at 79.71, which, if violated, would cause prices to drop to 79.21. In the upper region, resistance lies at 80.60. The next price resistance is at 80.99. RSI (Relative Strength Index) is 45.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.35, which suggests the price will decrease in the coming days. Percent R is at 36.60%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
