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Recent Insider Activity Suggests Potential Gains for PotlatchDeltic Corp (PCH)

PotlatchDeltic Corp’s recent filing unveils that its President and CEO CREMERS ERIC J unloaded Company’s shares for reported $0.79 million on Feb 12 ’24. In the deal valued at $45.13 per share,17,591 shares were sold. As a result of this transaction, CREMERS ERIC J now holds 241,111 shares worth roughly $9.08 million.

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Then, Tyler Michele sold 3,968 shares, generating $179,110 in total proceeds. Upon selling the shares at $45.14, the VP, General Counsel & Corp Sec now owns 31,864 shares.

Before that, Schwartz Robert L. sold 3,060 shares. PotlatchDeltic Corp shares valued at $138,097 were divested by the VP, Human Resources at a price of $45.13 per share. As a result of the transaction, Schwartz Robert L. now holds 44,476 shares, worth roughly $1.67 million.

RBC Capital Mkts upgraded its PotlatchDeltic Corp [PCH] rating to an Outperform from a a Sector perform in a research note published on May 01, 2024; the price target was increased to $46 from $45. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late November from “a Strong buy” to “a Mkt perform”. RBC Capital Mkts also remained covering PCH and has decreased its forecast on July 19, 2023 with a “Sector perform” recommendation from previously “an Outperform” rating. RBC Capital Mkts revised its rating on October 18, 2022. It rated PCH as “an Outperform” which previously was an “a Sector perform”.

Price Performance Review of PCH

On Tuesday, PotlatchDeltic Corp [NASDAQ:PCH] saw its stock fall -0.76% to $37.66. Over the last five days, the stock has lost -0.32%. PotlatchDeltic Corp shares have fallen nearly -23.30% since the year began. Nevertheless, the stocks have fallen -26.57% over the past one year. While a 52-week high of $53.38 was reached on 01/02/24, a 52-week low of $37.06 was recorded on 07/05/24. SMA at 50 days reached $41.36, while 200 days put it at $44.52. A total of 0.33 million shares were traded, compared to the trading of 0.4 million shares in the previous session.

Levels Of Support And Resistance For PCH Stock

The 24-hour chart illustrates a support level at 37.43, which if violated will result in even more drops to 37.20. On the upside, there is a resistance level at 37.93. A further resistance level may holdings at 38.20. The Relative Strength Index (RSI) on the 14-day chart is 27.22, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.75%. Stochastics%K at 18.51% indicates the stock is a buying.

The most recent change occurred on June 29, 2022 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $50 price target.

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