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Colgate-Palmolive Co. [NYSE: CL] Sees Decrease in Stock Value

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Colgate-Palmolive Co. shares valued at $2,094,940 were sold by Daniels Jennifer on May 14 ’24. At $94.15 per share, Daniels Jennifer sold 22,250 shares. The insider’s holdings dropped to 59,698 shares worth approximately $5.71 million following the completion of this transaction.

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Also, Massey Sally sold 12,226 shares, netting a total of over 1,149,926 in proceeds. Following the sale of shares at $94.06 each, the insider now holds 13,924 shares.

Before that, Tsourapas Panagiotis had sold 12,000 shares from its account. In a trade valued at $1,129,854, the Grp Pres, Eur& Developing Mkts traded Colgate-Palmolive Co. shares for $94.15 each. Upon closing the transaction, the insider’s holdings decreased to 12,000 shares, worth approximately $0.49 million.

As published in their initiating research note from Exane BNP Paribas on June 24, 2024, Colgate-Palmolive Co. [CL] has been an Outperform and the price target has been revised to $109. As of January 29, 2024, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for CL. Earlier on December 15, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for CL stock which previously was a “a Neutral”.

Analyzing CL Stock Performance

During the last five days, there has been a drop of approximately -2.59%. Over the course of the year, Colgate-Palmolive Co. shares have jumped approximately 20.05%. Shares of the company reached a 52-week high of $99.08 on 06/25/24 and a 52-week low of $79.39 on 01/02/24. A 50-day SMA is recorded $94.05, while a 200-day SMA reached $83.64. Nevertheless, trading volume fell to 2.11 million shares from 4.21 million shares the previous day.

Support And Resistance Levels for Colgate-Palmolive Co. (CL)

According to the 24-hour chart, there is a support level at 95.53, which, if violated, would cause prices to drop to 95.18. In the upper region, resistance lies at 96.23. The next price resistance is at 96.57. RSI (Relative Strength Index) is 51.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.95, which suggests the price will decrease in the coming days. Percent R is at 55.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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