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W.W. Grainger Inc. (GWW) rating downgrades by Robert W. Baird

W.W. Grainger Inc.’s recently made public that its SVP & Chief HR Officer Fortin Matt unloaded Company’s shares for reported $0.47 million on Jun 20 ’24. In the deal valued at $915.20 per share,511 shares were sold. As a result of this transaction, Fortin Matt now holds 1,848 shares worth roughly $1.7 million.

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Then, Robbins Paige K sold 3,813 shares, generating $3,694,328 in total proceeds. Upon selling the shares at $968.88, the Sr. VP now owns 4,909 shares.

Before that, Merriwether Deidra C sold 8,301 shares. W.W. Grainger Inc. shares valued at $7,889,243 were divested by the Sr. VP & CFO at a price of $950.40 per share. As a result of the transaction, Merriwether Deidra C now holds 9,283 shares, worth roughly $8.52 million.

Robert W. Baird downgraded its W.W. Grainger Inc. [GWW] rating to a Neutral from a an Outperform in a research note published on May 29, 2024; the price target was decreased to $975 from $1000. A number of analysts have revised their coverage, including Stephens’s analysts, who increased its forecast for the stock in late April from “an Equal-weight” to “an Overweight”. Loop Capital also remained covering GWW and has decreased its forecast on February 20, 2024 with a “Hold” recommendation from previously “Buy” rating. Oppenheimer maintained its rating on January 03, 2024. It rated GWW as “an Outperform”.

Price Performance Review of GWW

On Tuesday, W.W. Grainger Inc. [NYSE:GWW] saw its stock jump 2.43% to $917.97. Over the last five days, the stock has gained 0.87%. W.W. Grainger Inc. shares have risen nearly 10.77% since the year began. Nevertheless, the stocks have risen 16.41% over the past one year. While a 52-week high of $1034.18 was reached on 03/21/24, a 52-week low of $674.41 was recorded on 01/03/24. SMA at 50 days reached $926.89, while 200 days put it at $870.11. A total of 0.3 million shares were traded, compared to the trading of 0.22 million shares in the previous session.

Levels Of Support And Resistance For GWW Stock

The 24-hour chart illustrates a support level at 898.84, which if violated will result in even more drops to 879.70. On the upside, there is a resistance level at 928.73. A further resistance level may holdings at 939.48. The Relative Strength Index (RSI) on the 14-day chart is 51.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.01%. Stochastics%K at 41.35% indicates the stock is a holding.

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